16 West Avenue S Hamilton, Ontario L8N 2S1
$6,795,000
An exceptional opportunity to acquire a truly one-of-a-kind heritage asset in the heart of Downtown Hamilton. 16 West Ave S is a stunning converted church, thoughtfully transformed into a loft-style apartment building in 2022, seamlessly blending historic character with modern functionality. Featuring soaring ceilings, dramatic stained-glass windows, and architectural details rarely found in today's market, the property comprises 18,879 SF with 19 fully occupied units, offering an ideal unit mix of 2 bachelor suites, 10 one-bedrooms, 5 two-bedrooms, and 2 three-bedrooms, complemented by 19 surface parking spaces. The asset is fully stabilized, generating approximately $313,205 in Net Operating Income, providing immediate, predictable cash flow. The property further benefits from highly attractive assumable financing at a fixed 3.72% interest rate extending to 2032. This below-market debt materially enhances returns and offers a significant advantage in today's rate environment. Perfectly positioned steps to shops, restaurants, theatres, and everyday amenities, and just moments from the Hamilton GO Station for seamless access along the GO Transit line, this central location is unmatched. Situated in a thriving urban core anchored by McMaster University and major professional sports franchises including the Hamilton Tiger-Cats and Toronto Rock, this is a rare, turnkey investment combining strong income fundamentals, irreplaceable character, and long-term upside. (id:47351)
Property Details
| MLS® Number | X12739520 |
| Property Type | Multi-family |
| Community Name | Stinson |
| Amenities Near By | Hospital, Place Of Worship, Public Transit, Schools |
| Parking Space Total | 19 |
Building
| Bedrooms Above Ground | 26 |
| Bedrooms Total | 26 |
| Age | 100+ Years |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 122 Ft |
| Size Frontage | 153 Ft |
| Size Irregular | 153 X 122 Ft |
| Size Total Text | 153 X 122 Ft |
| Zoning Description | D1 |
https://www.realtor.ca/real-estate/29302515/16-west-avenue-s-hamilton-stinson-stinson
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January 31 2026 01:41:34
Toronto Regional Real Estate Board
Real Broker Ontario Ltd.