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Main Photo: 40 Clarendon Avenue in Hamilton: Balfour Commercial for sale : MLS®# X13814790
Photo 1: 40 Clarendon Avenue in Hamilton: Balfour Commercial for sale : MLS®# X13814790
Photo 2: 40 Clarendon Avenue in Hamilton: Balfour Commercial for sale : MLS®# X13814790
Photo 3: 40 Clarendon Avenue in Hamilton: Balfour Commercial for sale : MLS®# X13814790
Photo 4: 40 Clarendon Avenue in Hamilton: Balfour Commercial for sale : MLS®# X13814790
Photo 5: 40 Clarendon Avenue in Hamilton: Balfour Commercial for sale : MLS®# X13814790
Photo 6: 40 Clarendon Avenue in Hamilton: Balfour Commercial for sale : MLS®# X13814790
Photo 7: 40 Clarendon Avenue in Hamilton: Balfour Commercial for sale : MLS®# X13814790
Photo 8: 40 Clarendon Avenue in Hamilton: Balfour Commercial for sale : MLS®# X13814790
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Photo 43: 40 Clarendon Avenue in Hamilton: Balfour Commercial for sale : MLS®# X13814790
Photo 44: 40 Clarendon Avenue in Hamilton: Balfour Commercial for sale : MLS®# X13814790
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13814790
Bus Major:
Apts - 2 To 5 Units
Legal duplex on the Hamilton Mountain, converted under permit with all permits closed. 40 Clarendon Avenue is a detached, solid-brick bungalow in Balfour, just off Upper James and Fennell, configured as two self-contained units with separate entrances, separate kitchens, in-suite laundry and separate hydro meters. The main-floor unit has three bedrooms, a four-piece bathroom, a generous size living room and an updated modern kitchen with quartz countertops. It is vacant, which gives a buyer two clean options: move in, or choose a tenant and set rent at today's market rate. The lower unit has two large bedrooms plus an additional flex space, a brand-new kitchen, a brand-new three-piece bathroom and its own entrance. It is currently rented at $2,050 per month. The work behind the walls matters as much as the finishes. Electrical has been updated, each unit is metered separately for hydro, and the conversion documentation is available to serious buyers. Gas heating and central air serve the home. The lot carries a double-wide asphalt driveway with parking for four vehicles, a practical detail for a two-unit property. Public transit, parks, schools and hospital services are close by, and Upper James puts groceries, restaurants and the LINC within a short drive. For an investor, this is a turnkey two-unit property with one rent in place and one unit ready to lease. For an owner-occupier, the lower unit's rent offsets the monthly carrying cost. Freehold, with flexible possession.
Percent of Building:
100
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
974 sq. ft. Square Feet
Total Area:
974 sq. ft.
Lot Depth:
100'
Lot Frontage:
41'
Bathrooms:
2.0
Water supply:
Municipal
Zoning:
C
Heating type:
Gas Forced Air Open
Garage:
Outside/Surface
Parking Spaces:
4
Possession Details:
Flexible
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$5,138.87 / 2026
Assessment:
$- / -
Hamilton
Hamilton
Balfour
Water Heater
2 Fridges, 2 Stoves, 2 Dishwashers, 2 Washers/Dryers
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Chattels:
Yes
Date Listed:
Sep 22, 2026
Original Price:
Previous Price:
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Listed by ROCK STAR REAL ESTATE INC.
Data was last updated September 23, 2026 at 03:15 AM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

  • Multiple rental units generate consistent monthly income
  • Economies of scale make property management more efficient
  • Opportunity to increase property value through renovations and upgrades
  • High demand for rental housing in urban and suburban markets

What to Look for in Apartment Buildings for Sale

When evaluating apartment buildings for sale, consider:

  • Vacancy rates and tenant demand in the area
  • Location and proximity to transit, schools, and employment hubs
  • Building condition, age, and potential maintenance costs
  • Current rental income and future appreciation potential

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Whether you’re looking for small multi-family units or larger residential complexes, we offer a wide selection of apartment buildings for sale to match your investment goals. Let us help you find a property that offers steady income and long-term value.

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.