$999,999 - 192 Catharine Street, Hamilton
Multi-Family for Sale in Hamilton
- MLS Number
- X13156726
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 25
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
A rare opportunity to take over a fully vacant property featuring three self-contained units, providing the flexibility to live in one unit or lease all three while selecting your own tenants at current market rents. Offering an excellent opportunity for both investors and owner-occupiers, this property combines character, modern updates, and strong income potential in one of the city's most desirable urban locations. The main floor unit features high ceilings, heated floors, air conditioning, in-unit laundry, and a walkout to the private backyard. Tastefully renovated throughout, this bright and inviting space offers a functional layout with modern finishes. The upper unit spans two levels, featuring a spacious and carefully designed layout, which includes a kitchen, living room, bedroom, and powder room. The top level offers a generous primary bedroom complete with a four-piece ensuite and walkout deck overlooking the backyard. The basement suite includes a kitchen, bedroom, updated bathroom, and in-unit laundry. All three units are equipped with separate in-unit laundry, adding convenience and appeal for tenants and future owners alike. Ideally situated just steps to St. Joseph's Hospital, Corktown Park, the Bruce Trail, transit, and downtown amenities. Enjoy walking distance to James Street South and Augusta Street, known for some of Hamilton's most popular restaurants, cafés, and entertainment. Perfect for investors or buyers looking to offset living expenses with supplementary rental income. Private driveway parking for up to three vehicles.
Estimate your monthly payments for this property
Estimated Payment
$5,130.51/mo
Includes CMHC insurance ($27,900)
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.
192 Catharine 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 $667/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.
Market Position
At 25 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Hamilton. Good resale value as demand remains consistent.
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 $4,167 (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.