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Investment signal

$1,999,000

347 QUEEN STREET S

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Beds

10

Baths

6

Sqft

Year

Type

Multi-family

Suite

Non-conforming suite

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Hamilton (Durand). 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 prestigious Durand neighbourhood, at the base of the escarpment. With its signature turret and timeless architectural detail, this historically significant home is recognized among the city's most admired properties. Rich in character and carefully preserved, the home offers remarkable flexibility. Currently grandfathered as a legal non-conforming triplex in 2014, it presents a rare chance to create a truly exceptional single-family estate, maintain a strong income-producing property, or live in one unit while generating revenue from the others. Inside, original charm blends with scale and potential-featuring soaring ceilings, intricate period details, and six fireplaces, including a wood-burning fireplace on the main level. Each space reflects the craftsmanship and elegance of a bygone era, ready to be elevated further. Outside, the property continues to impress with a fully fenced yard offering privacy and space to entertain, along with a rare triple-car covered carport and an additional driveway off Aberdeen for parking for up to seven vehicles. Set in one of Hamilton's most sought-after neighbourhoods, you are just steps to Locke Street's boutiques and dining, and within walking distance to Augusta, James, and Hess Village. Nature meets city living with immediate access to the escarpment and Bruce Trail, while nearby hospitals, McMaster University, Mohawk College, and GO stations ensure unmatched convenience. Recent updates include a new boiler (2026), carport roof (2023), chimney cap (2024), soffit and fascia (2020 & 2024), one flat roof (2025) a new porch (steps and railings, and interior paint (2024). A rare offering of architectural significance, income potential, and lifestyle that must be seen to be fully appreciated! (id:65958)

Subtype
Multi-family
Structure
Triplex
Community
Durand
Lot dimensions
146 x 72.6 FT
Bedrooms
10 above grade
Parking
8 total
Stories
3
Fireplace
6
On market
Apr 16, 2026
Status changed
Apr 22, 2026
Annual tax
$11,527.94 (2026)
Zoning
C / R2
Photos
50
MLS#
X13009548
Area
HAMILTON_(DURAND)

Features and systems

Parking

GarageCarportTandem

Basement

UnfinishedFullWalk-upN/AN/A

Appliances

WasherWater meterDishwasherStoveDryerMicrowaveWindow CoveringsWater HeaterTwo Refrigerators

Cooling

Window air conditioner

Exterior

Brick

Flooring

Hardwood

Foundation

StoneBlock

Lot

Flat siteConservation/green beltLevel

Utilities

SewerElectricityCable

Security

Alarm systemControlled entry
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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