Park Row Apartments

165 & 169 Park Row S, Hamilton, ON L8K 2

  • For Sale Subject To Offer
  • Property Type Multi-Family
  • Units 21
  • Date Updated Mar 5, 2025
INVESTMENT STRATEGY This 21-unit multifamily asset offers a rare combination of stability and upside, making it a compelling acquisition for both yield-focused investors and those seeking to unlock additional value through strategic repositioning. Strong Cash Flow with Immediate CMHC Financing Potential Investors will have the ability to purchase with CMHC financing, capitalizing low-cost debt maximizing long-term returns. With a 5.00% cap rate at acquisition, the asset provides an attractive cash-on-cash return, supported by a strong rental market for high-quality rental housing. Value-Add Potential Through Unit Additions & Operational Efficiencies A contractor assessment has confirmed the feasibility of adding two additional one bedroom, increasing the total unit count to 23 units. This, combined with the introduction of in-suite laundry, would allow for higher rental rates, increased NOI, and an enhanced post-renovation CMHC refinance valuation. Capital Appreciation & Long-Term Stability The property is well-located in a supply-constrained market, ensuring continued rental demand and long-term capital appreciation. The recently completed renovations provide an immediate reduction in capital expenditure requirements, while the remaining value-add components create a clear path for future growth. This is an institutional-quality investment opportunity with strong fundamentals, immediate cash flow, and scalable upside. Investors can leverage CMHC-insured financing to enhance yields while benefiting from future rent growth and appreciation.The Investments Group is pleased to offer a rare opportunity to acquire a 21-unit multifamily asset in Hamilton’s Delta neighborhood. This property combines strong cash flow with significant value-add potential. Qualified investors can take advantage of a direct-to-CMHC financing option, allowing them to secure low-cost debt and maximize long-term returns. A zoning assessment confirms the feasibility of adding one or two additional one-bedroom units, further enhancing revenue potential. Recent renovations and proactive maintenance minimize immediate capital expenditures while providing a clear path for future growth. With strong fundamentals, scalable upside, and long-term stability, this is an institutional-quality investment opportunity.
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Highlights

  • 21 Units with Value-Add Potential – Opportunity to add 2 units, increasing total unit count to 23.
  • 5.00% Cap Rate – Strong cash flow with stabilized income.
  • Immediate CMHC Financing Available – Option to secure insured debt upfront for long-term financing stability.
  • Strategic Unit Upgrades – Renovated units with potential for in-suite laundry to enhance rental income.
  • Prime Hamilton Location – positioned in a strong rental market with continued urban growth.
  • Proximity to Key Amenities – Walking distance to Gage Park, Ottawa Street shopping district, public transit, and major highways, ensuring strong tenant demand.

Contacts

broker

Investments Group

Location

Getting Around

  • Walk Score ®

    73/100 Very Walkable
  • Transit Score ®

    57/100 Good Transit
  • Bike Score ®

    70/100 Very Bikeable
Powered by Walk Score ®
  • City Hamilton, ON
  • Neighborhood Delta
  • Postal Code L8K 2

Points of Interest

  • Steam & Technology Museum

    2.78 miles

  • West Harbour

    3.16 miles

  • Aldershot

    5.61 miles

  • U Plus Gas

    0.19 miles

  • Esso

    0.40 miles

  • Petro-Canada

    0.45 miles

  • Pioneer

    0.92 miles

  • shell

    0.97 miles

  • Canadian Tire

    1.17 miles

  • Shell

    1.33 miles

  • FLO Cadillac Fairview - Lime Ridge Mall

    2.60 miles

  • Tesla Supercharger

    2.69 miles

  • FLO Canadian Tire - Hamilton Mountain

    3.18 miles

  • Municipal Lot 19

    0.41 miles

  • Concession Street Surface Parking

    1.34 miles

  • Concession Street Parking Tower

    1.37 miles

  • Poplar Street Parking Tower

    1.48 miles

  • Park's Customer Parking

    1.74 miles

  • Staff Only

    2.03 miles

  • Corktown Park Parking

    2.33 miles

  • Municipal Lot 8

    2.42 miles

  • Municipal Parking

    2.46 miles

  • Budget Inn

    1.73 miles

  • Premier Inn

    2.43 miles

  • Pring Guesthouse

    2.69 miles

  • The Laundry Rooms

    2.81 miles

  • Comfort Inn

    2.85 miles

  • Best Western Premier C Hotel

    2.97 miles

  • Four Points

    3.03 miles

  • Sheraton

    3.07 miles

  • Homewood Suites by Hilton

    3.16 miles

  • Sandman Hotel Hamilton

    3.24 miles

  • Buddy's Roadhouse Bar & Grill

    0.35 miles

  • Pizza Pizza

    0.38 miles

  • Dairy Queen

    0.40 miles

  • Caro

    0.41 miles

  • Rankin's Bar & Grill

    0.42 miles

  • Delta Bright Spot

    0.47 miles

  • Joy Inn

    0.54 miles

  • A-1 BBQ Family Restaurant

    0.55 miles

  • Bryce's Fish and Chips

    0.55 miles

  • Mike's Subs

    0.63 miles

  • St. John the Baptist Catholic Elementary School

    0.15 miles

  • A. M. Cunningham Junior Public School

    0.17 miles

  • Memorial Public School

    0.49 miles

  • Canadian Academy of Osteopathy

    0.53 miles

  • Sherwood Secondary School

    0.59 miles

  • Brock University - Hamilton Campus

    0.59 miles

  • Queen Mary Public School

    0.68 miles

  • École élémentaire Pavillon de la jeunesse

    0.77 miles

  • Highview Public School

    0.78 miles

  • W. H. Ballard Public School

    0.86 miles

  • Kiwanis Boys and Girls Club

    0.90 miles

  • Minature World Daycare

    1.42 miles

  • Pumkin Patch Daycare

    1.89 miles

  • First Class Children's Centre

    2.61 miles

  • Today's Family - Central

    2.63 miles

  • Daycare Centre

    3.55 miles

  • Infant Jesus Kindergarten and Nursery

    3.89 miles

  • Tiny Hoppers

    4.04 miles

  • Glendale Early Learning and Child Care Centre

    4.56 miles

  • Wee Care Educational Services Inc.

    5.05 miles

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broker

Investments Group

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