LiveMLS 40864353CMHC / MLI Select

1457 REGIONAL 97 Road · 6-unit multifamily

Hamilton, ON · 6-unit multifamily · 6 units

$3,700,000listed

Workable offer

Hamilton market brief →

RentCapPrice/door

Score

DSCR

Cash to close

All-in with reserves

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What this listing is

1457 REGIONAL 97 Road is a 6-unit multifamily in Hamilton, ON, asking $3,700,000 — $616,667 per door.

That sits above the Hamilton band of $230k - $390k per door. A price above the band has to be earned by rents, condition, or upside that the listing has not yet shown. Hamilton cap rates screen 4.7% - 6.1% against average rent near $2,050 a door.

At 6 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.

Asking price: $3,700,000
Units: 6 units
Property type: 6-unit multifamily
Location: Hamilton, ON
Price per door: $616,667
Hamilton cap band: 4.7% - 6.1%
Hamilton average rent: $2,050

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.