$849,888 - 197-199 Ferguson Avenue, Hamilton
Multi-Family for Sale in Hamilton
New — Listed 3 days ago- MLS Number
- X12953876
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 3
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
A RARE opportunity to own a home that can help pay for itself - right in the heart of Corktown. Newly renovated and thoughtfully designed, this unique property offers two fully self-contained living spaces under one ownership - ideal for those looking to live in one unit while generating income from the other, accommodate extended family, or invest in a flexible asset. Each unit features 3 bedrooms, 2 bathrooms, laundry rooms, and a full-sized kitchen, along with separate hydro and gas meters - offering true independence and functionality on both sides. Finished with luxury vinyl flooring, stainless steel appliances, pot lights, and quartz countertops throughout. Set directly across from an elementary school, the home benefits from a strong sense of community and everyday convenience, while being just minutes to downtown Hamilton, the GO Station, and a short walk to St. Joseph's Hospital. Enjoy nearby cafes, restaurants along Augusta Street, and easy access to Corktown Park, trails, and escarpment views - creating a balance between urban living and natural surroundings. Located in Corktown, one of the city's most walkable and evolving neighbourhoods, this is a location that continues to attract buyers seeking both lifestyle and long-term value. Whether you're a homeowner looking for added financial flexibility or an investor searching for a well-located, turn-key opportunity - this is a property that offers more than just a place to live. It offers options.
Estimate your monthly payments for this property
Estimated Payment
$4,360.36/mo
Includes CMHC insurance ($23,712)
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.
197-199 Ferguson Avenue, 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 25+ years of GTA real estate experience
Competitive Pricing
At $425/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Hamilton's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 $3,541 (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.