52 BARTON Street E · 5-unit multifamily

52 BARTON Street E is a 5-unit 5-unit multifamily in Hamilton, ON, asking $1,489,900 — $297,980 per door.

That lands inside the Hamilton band of $230k - $390k per door, so the ask is not the thing that decides this deal — the rent roll is. Hamilton cap rates screen 4.7% - 6.1% and average rent runs about $2,050 a door.

At 5 units this is a commercial file: five or more units can be underwritten for CMHC MLI Select, where energy, affordability, and accessibility points decide the tier and the leverage. Below that tier the insured stack you modeled may not exist.

Hamilton can still offer workable small-multifamily economics, especially where transit and rent lift align. Investor demand reads high, vacancy tight.