Legal 5-Plex Near Tim Hortons Field, Original Oak Work

Property details for 22 Blake Street, Hamilton

Type: Residential
Bedrooms: 5
Bathrooms: 4
Lot Size: 40 x 90 FT
Stories: 2.5
Basement: Partially finished, N/A
Parking: Detached Garage, Garage
Heating: Radiant heat, Natural gas
Cooling: Window air conditioner
Exterior: Brick
Ownership: Freehold
Annual Taxes: $6,333

This one's a rare find for Hamilton: a fully legal 5-plex on a 40x90 lot, just a 10-minute walk to Tim Hortons Field and around the corner from two high schools. You're not just buying a house; you're buying an income property. The place oozes turn-of-the-century character, with original oak trim and pocket doors, a marble fireplace, and a grand stained-glass window on the stairwell landing. There are five separate units each with its own kitchen and bathroom, plus a partially finished basement. The electrical was overhauled in 2013 with six meters, so tenants can pay their own utilities. A new boiler came in 2024, the roof and windows were done around 2009 and 2013, and there's security camera hardware. You'll need to be okay with window AC units and radiant heat, but the stone foundation and brick exterior are solid. Parking is a detached garage with two spots, and there's a fenced, level yard. Taxes run about $6,333 a year. With a median nearby price of $1.15M and nothing else sold in the last month, this $999,900 ask gives you room to build equity. It's a solid investment for someone wanting to live in one unit and rent the rest, or for a seasoned landlord.

About 22 Blake Street, Hamilton — Property Score

Strong Investment Hot Market

Score: 66/100

Value

Priced 17.6% above area median of $850,000 based on 776 comparable properties nearby 44

Stable pricing - no price changes since original listing date 50

Size

5 bedrooms - 1 more than similarly priced 4-bedroom homes nearby 72

5 bathrooms - 2 more than similarly priced properties nearby 84

3,600 sqft lot - a compact lot for the area 55

Location

$56K median household income - below the Canadian average of $70K 58

76% of residents hold postsecondary credentials - a highly educated neighbourhood 85

52% homeownership rate - a balanced mix of owners and renters 66

56% of residents commute under 30 minutes - good commuting convenience 75

5,269/km² population density - an urban neighbourhood 65

Market

Just listed - area average is 63 days on market 100

+33.3% median price change over 1 month - rising prices in the area 100

38.2 months of housing supply - 1871 active listings with 49 sold last month (buyer's market) 40

Features

2-car garage - area average is 4.8 spots 80

Partially finished, N/A basement - potential for additional finished space 85

premium radiant heating system 85

Window-unit cooling 50

No premium extras like pool, waterfront, or view 50

Investment

0.63% effective tax rate ($6,332/yr) - below the Canadian average of ~1% 81

46% renter population - moderate rental market 85

Quality

Condition

Listing

50 photos provided - 32% more than the area average of 38 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.