342 King William Street, Hamilton
Excellent Investment Opportunity in Hamilton! Offered for sale by a long-term owner retiring, this renovated and upgraded property featuring legal duplex with an existing three-unit layout. This versatile property offers very good cash flow potential and opportunities to further maximize rental income. Very Bright and inviting throughout, the home features plenty of windows that fill the living spaces with lots of natural light.The upper unit features 4 bedrooms, 2 bathrooms, ensuite laundry, 1 Family Room (Can be used as a bedroom), and a roughed-in kitchen area currently configured as a bedroom, offering potential for a fourth unit. The main unit features 2 bedrooms, 1 family room (which can be used as a 3rd bedroom), and 1 bathroom, while the lower unit offers 1 bedroom and 1 bathroom. All three existing units have separate kitchens, providing independent living spaces and flexible rental possibilities. Recent Updates: Roof (2025), furnace (2024), and hot water tank (2023). With no existing rental contracts, very low expenses, and vacant possession, the new owner has the flexibility to further customize the home or establish their own tenancy arrangements at current market rents.Additional highlights include 3 separate hydro meters and approximately $75,000 in potential gross annual rental income with all three units, making this an attractive opportunity for investors seeking strong cash flow and long-term investment potential.Conveniently located in downtown Hamilton, the property is close to public transit, shopping, restaurants, and everyday amenities.A great opportunity to acquire a bright, versatile, multi-unit investment property with excellent income potential! (id:1945)
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Property details for 342 King William Street, Hamilton
- Type
- Multi-family
- Bedrooms
- 7
- Bathrooms
- 4
- Lot Size
- 30 x 50.6 FT
- Stories
- 2.5
- Basement
- Finished, Separate entrance, N/A, N/A
- Parking
- No Garage
- Heating
- Forced air, Natural gas
- Cooling
- None
- Exterior
- Brick
- Annual Taxes
- $3,909 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 342 King William Street
Active Listings
5
Min Price
$799,000
Max Price
$899,000
Avg Price
$819,540
Days on Market
51
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Hamilton, Ontario
Population
591
Median Age
48
Median Income
$18,645
Dwelling Value
$180,120
Housing Tenure
Owners 10%
Renters 90%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.6
Pop. Density: 6,508.8/km²
Avg Shelter Cost: $1,106/mo
Owners with Mortgage: 71.4%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 64.5%
English only: 90%
English and French: 8.2%
Neither: 2.7%
Median Household Income: $21,568
Median Employment Income: $17,493
Price History
Listed
October 17, 2026
by HOMELIFE EXCELSIOR REALTY INC.
Current Price
$799,000
Type
Multi-family
For Sale
Contact Agent Get in touch about 342 King William Street, Hamilton
FRANK LIN
HOMELIFE EXCELSIOR REALTY INC.
