$949,999 - 192 Catharine Street, Hamilton
Multi-Family for Sale in Hamilton
94 days on marketNeighbourhood: Corktown
- MLS Number
- X13156726
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 94
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
A rare opportunity to own a fully renovated triplex in one of Hamilton's most desirable urban locations. The property features three self contained units, combining character, modern updates, and strong income potential. The main floor and upper level units are currently leased, while the basement unit is vacant, providing the opportunity to lease the remaining suite at current market rent and further increase the property's income potential. 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 thoughtfully designed layout with 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, offering an excellent opportunity to generate additional rental income. All three units are equipped with separate in unit laundry, adding convenience and appeal for tenants. 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, home to some of Hamilton's most popular restaurants, cafés, and entertainment. Perfect for investors seeking a turnkey property in one of Hamilton's most walkable neighbourhoods, just minutes from Hamilton GO Station, St. Joseph's Hospital, James Street South, Augusta Street, and countless restaurants, cafés, parks, and downtown amenities.
Estimate your monthly payments for this property
Estimated Payment
$4,873.99/mo
Includes CMHC insurance ($26,505)
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 Corktown
Corktown 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 Corktown
- •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
Corktown 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 $633/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 94 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.
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.
About Corktown
I know Corktown well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $3,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.