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Investment signal

$329,990

80 ONTARIO Avenue

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Location

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About this home

Vacant land opportunity in a prime location at 80 Ontario Ave. Situated on a 25 x 98 ft lot, this property offers a fantastic canvas for investors, builders, or end users looking to capitalize on a desirable setting with strong future potential. Offered at $329,990 the property also features attractive Vendor Take-Back (VTB) financing with just 30% down, 6.75% interest-only payments, and a 1-year term-providing flexible acquisition options. Plans for a legal duplex with a third unit (in-law suite) can be included for the Buyer-adding immediate value and development potential. An excellent opportunity to secure land in a sought-after area with favourable financing and future income potential. (id:65958)

Subtype: Vacant Land
Community: 143 - Stinson
Common interest: Freehold
On market: Apr 16, 2026
Status changed: Apr 16, 2026
Annual tax: $1,944.56
Zoning: D
Photos: 10
MLS#: 40821398
Area: HAMILTON

Features and systems

Basement

None

Positive cash flow ~$299/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

5.43%

Cap rate

5.95%

GRM

11.5

Break-even rent

$2,086

Financing

Down payment$65,998

Loan amount$263,992

Mortgage$1,338/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$151

Insurance$80

Maintenance$275

CapEx reserve$137

Vacancy loss$120

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.

Lifestyle 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.

Mortgage estimate

Estimated $1,338/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 16, 2026.