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Investment signal

$2,295,000

374 HIGHWAY 8

Beds

9

Baths

6

Sqft

Year

About this home

Luxury Meets Investment Potential in the Heart of Stoney Creek Welcome to this under-2-year-old custom-built showpiece offering approx. 5,800 sq ft of total living space and exceptional income potential. This fully legal duplex features 5self-contained units, each with private entrances and kitchens, generating $11,200/month in rental income-all units currently tenanted under contract. Designed for both lifestyle and cash flow, this property is ideal for investors or end-users looking to live in one unit while earning strong passive income. The main and second levels each offer spacious 3-bedroom suites with open-concept layouts, soaring ceilings, engineered hardwood flooring, and high-end finishes. The second floor also features a wraparound veranda and private balcony. The third-floor unit provides a stylish studio retreat with rooftop access and breathtaking views. The lower level is fully optimized with 2 separate units-a 2-bedroom suite and a self-contained studio, maximizing rental flexibility and income potential. Situated on a premium lot with a 1.5-car garage and parking for up to 10 vehicles, plus a large concrete patio and fenced yard. Located on a main road with easy access to transit, shopping, schools, and amenities, all while enjoying stunning escarpment views. A rare turnkey opportunity offering scale, style, and serious income. Live richly. Earn passively. Own with pride. (id:65958)

Subtype
Multi-family
MLS#
X12992486
Area
HAMILTON_(STONEY_CREEK)
Negative cash flow ~$4,363/mo at these assumptions

Cash on cash

-11.41%

Cap rate

3.61%

GRM

16.7

Break-even rent

$16,068

Financing

Down payment$459,000
Loan amount$1,836,000
Mortgage$11,264/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,052
Insurance$80
Maintenance$1,913
CapEx reserve$956
Vacancy loss$574

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $11,264/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.

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