LiveMLS X13837554Buy & hold

181 WEST AVENUE · Fourplex

Hamilton, ON · Fourplex · 4 units

$699,900listed

Price at 5.75% cap

Hamilton market brief →

RentCapPrice/door

Score

DSCR

Cash to close

All-in with reserves

Create a free account Sign inGoes to the AssetAvenue team. We reply by email, usually within a business day.View on Realtor.caLast seen on Realtor.ca Nov 1

What this listing is

181 WEST AVENUE is a 4-unit fourplex in Hamilton, ON, asking $699,900 — $174,975 per door.

That sits below the Hamilton band of $230k - $390k per door. Hamilton cap rates screen 4.7% - 6.1% and average rent runs about $2,050 a door.

At 4 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

The Hamilton desk underwrites vacancy at 3% - 4.5% and operating expenses at 33% - 43% of gross rent.

Asking price: $699,900
Units: 4 units
Property type: Fourplex
Location: Hamilton, ON
Price per door: $174,975
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 price at a 5.75% cap — opens with a free account.

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