$719,000 - 164 Wentworth Street, Hamilton
Multi-Family for Sale in Hamilton
80 days on market- MLS Number
- X12935618
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 80
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Legal non-conforming triplex with three self-contained, above-ground units and strong cashflow. Ideal for investors or buyers looking to live in one unit and rent the others. Located in a desirable Hamilton rental corridor. One unit is currently vacant, offering flexibility for immediate occupancy or rent. The main floor offers a spacious 3-bedroom unit with basement access, private fenced backyard, and storage shed. The upper level includes two well-designed units: a bright 2-bedroom unit with open-concept kitchen and a 1-bedroom unit with spacious kitchen. The upstairs units have access to a shared outdoor space. All units feature functional layouts with in-suite washer/dryers and separate hydro meters. Ample parking available at both the front and rear of the house, a valuable feature for a multi-unit property. Located in a high-demand area with convenient transit access along Wentworth, Stinson, and Main Streets, quick access to Hamilton GO Station, direct routes to McMaster University, steps to the Escarpment Rail Trail (Bruce Trail system), and stairs to the Mountain. Conveniently located near major employment centers, schools, hospitals, grocery stores, and restaurants. Located in R1a zoning designation that permits up to four residential units, offering future development or value-add potential. A rare opportunity to own a solid income-producing triplex in a prime Hamilton location.
Estimate your monthly payments for this property
Estimated Payment
$3,688.84/mo
Includes CMHC insurance ($20,060)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Hamilton
Hamilton is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Hamilton
- •Convenient location in Hamilton
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Hamilton offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
164 Wentworth Street, Hamilton
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $360/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 80 days on site, this property has exceeded the typical selling timeline for Hamilton. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Hamilton.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Hamilton properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,996 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.