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Investment signal

$1,999,000

347 QUEEN Street S

Save this home

Beds

10

Baths

6

Sqft

Year

1900

Type

Multi-family

Suite

Non-conforming suite

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Hamilton. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

An extraordinary opportunity to own one of Hamilton’s most iconic residences. Known as the “Queen St Castle,” this circa 1881 Victorian masterpiece commands a prominent corner in the Durand neighbourhood at the base of the escarpment. With its signature turret and timeless architectural detail, this historically significant home stands among the city’s most admired properties. Rich in character and carefully preserved, it offers exceptional flexibility. Grandfathered as a legal non-conforming triplex, it presents a rare opportunity to create a stunning single-family estate, maintain a strong income property, or live in one unit while generating revenue. Inside, the original charm blends w/ impressive scale—soaring ceilings, intricate period details, and 6 fireplaces, including a wood-burning fireplace on the main level. Outside, a fully fenced yard offers privacy and ample space for entertaining, complemented by a rare triple-car covered carport and additional parking accommodating up to 10 vehicles. Many recent updates include a new boiler in 2026, carport roof 2023, flat roof 2025, new porch, steps and railings 2024, and so much more. Located just steps to Locke Street boutiques and dining, and easy walking distance to Augusta, James, and Hess Village. Enjoy easy access to the escarpment and Bruce Trail, close proximity to hospitals, McMaster University, Mohawk College, GO stations and transit routes. A rare offering of architectural significance, income potential and lifestyle. (id:65958)

Subtype
Multi-family
Structure
Triplex
Community
124 - Durand South
Common interest
Freehold
Living area
6,295 square feet
Parking
10 total
Stories
3
On market
Apr 16, 2026
Status changed
Apr 22, 2026
Annual tax
$11,527.94
Zoning
C-R2
Photos
50
MLS#
40821461
Area
HAMILTON

Features and systems

Parking

Detached Garage

Basement

UnfinishedFull

Heating

Natural gas

Exterior

BrickStone

Foundation

Stone

Lot

Conservation/green belt

Security

Alarm system
Negative cash flow ~$2,098/mo at these assumptions

Cash on cash

-6.30%

Cap rate

3.60%

GRM

16.7

Break-even rent

$12,208

Financing

Down payment$399,800
Loan amount$1,599,200
Mortgage$8,103/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$916
Insurance$80
Maintenance$1,666
CapEx reserve$833
Vacancy loss$500

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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 $8,103/mo at 4.5% with 20% down, 30-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 22, 2026.

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