Homula Realty Brokerage
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280 Weir Street N, Hamilton, ON L8H 5G3

Investment
$2,100,000

Excellent opportunity to own a well-maintained 11-unit apartment building in Hamilton. Offering 10 one-bedroom units and 1 two-bedroom unit, this income-producing property features individual hydro metering, coin-operated laundry, and an 11-car surface parking lot for added tenant convenience. Five of the units have been recently renovated, providing strong rental appeal and excellent income potential. Conveniently located close to parks, schools, shopping, public transit, and major highway access, this is a fantastic addition to any investment portfolio.

MLS number
X13527118
Type
Investment
Status
Active
Bedrooms
Bathrooms
Postal code
L8H 5G3
Photos
20
Property tax
$23,396 / year
68days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Matched to this street. The listing did not say which direction, and every candidate was in the same place.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
W H Ballard Public School
Hamilton-Wentworth DSB
Elementary722 m4.9 / 10
49% met the standard
Sir Winston Churchill Secondary School
Hamilton-Wentworth DSB
Secondary1.2 km4.6 / 10
46% met the standard · 2 of 6 measures
Parkdale School
Hamilton-Wentworth DSB
Elementary1.1 km7.6 / 10
76% met the standard · 3 of 6 measures
Queen Mary Public School
Hamilton-Wentworth DSB
Elementary1.1 km6.4 / 10
64% met the standard
St. Eugene Catholic Elementary School
Hamilton-Wentworth CDSB
Elementary1.6 km6.9 / 10
69% met the standard
Viscount Montgomery Public School
Hamilton-Wentworth DSB
Elementary1.7 km7.2 / 10
72% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 480 people.

$62,000Median household income
68.3%Own their home
81%Detached houses
39.6Median age
22.6%Born outside Canada
12.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35250761 — the few blocks around this address, home to 480 people. It describes the area, not this property.

480Population
40.2Average age
2.3Household size
$73,500Average household income
$62,000Median household income
68%Own their home
32%Rent
0%Condominiums
23%Born outside Canada
12%University degree
$480,000Average home value
22%Low income
75%Not in the labour force
35%Never married
$20,000 to $24,9998%
$25,000 to $29,9992%
$30,000 to $34,9992%
$35,000 to $39,9994%
$40,000 to $44,9994%
$45,000 to $49,9996%
$50,000 to $59,9998%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9994%
$90,000 to $99,9998%
$100,000 and over20%
$100,000 to $124,99912%
$125,000 to $149,9994%
$150,000 to $199,9994%

Percentages are of the 245 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$420,000 · minimum here is $420,000
$9,298.35per month
Borrowed before insurance$1,680,000
Total borrowed$1,680,000
Interest over 25 years at 4.5%$1,109,504

If you rented it out

-$11,248.01per month out of pocket
Rent$0.00
Everything it costs to hold$11,248.01
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX PREMIER INC.. Listing data provided by the Toronto Regional Real Estate Board.