Excellent investment opportunity in a prime central Hamilton location. Situated on a prominent corner lot at Locke St N and Peter St, this 3-storey multi-residential property features 8 self-contained residential units consisting of 4 two-bedroom and 4 one-bedroom units, each with separate hydro meters. Offering approximately 4,220 sq ft of living space, 5 parking spaces, coin-operated laundry, boiler heating system and additional basement space. Fully tenanted with established rental income and significant future upside as tenancies turn over. Conveniently located minutes from Victoria Park, Bayfront Park, West Harbour GO, public transit, downtown Hamilton and the shops and restaurants of Locke Street. An opportunity for investors to acquire an established income-producing property in one of Hamilton's most convenient and desirable central locations. Property being sold under Power of Sale on an "as is, where is" basis.
8 bedrooms, 8 bathrooms, about 3,500 sq ft, works out to roughly $300 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 74 Locke St N
Every detail from the listing, in one place.
Type
Multiplex
Style
2-Storey
Living space
3500-5000 sq ftas stated on the listing
Parking
5 spaces
Basement
Unfinished, Partial Basement
Features & systems
Parking & garage
Parking spaces
5
Interior
Basement
Unfinished · Partial Basement
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Multiplex
74 Locke St N Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$5,153
/mo
based on the purchase price of $1,049,000
$209,800 cash
$839,200 financed
$706,827 total interest
Principal54%$839,200
Interest46%$706,827
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Hamilton
Other 7–10 bed homes for sale in Hamilton around $1.0M.
Average days on market41Homes sold in about 41 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings2,496Homes for sale here right now.
Median vs prior 90 days−2.7%Compared with May 14 – Aug 12, 2026: prices down.
Based on 1,823 sales from Aug 12 – Nov 10, 2026 (1,570 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
74 Locke St N is listed at $1,049,000 (MLS® X13824728). Summitly updates the price as soon as the MLS® record changes.
Is $1,049,000 a good price for 74 Locke St N?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Hamilton. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 74 Locke St N changed?
Yes — it was first listed at $1,099,000 and is now $1,049,000, a drop of $50,000 (4.5%).
How many bedrooms and bathrooms does 74 Locke St N have?
74 Locke St N has 8 bedrooms and 8 bathrooms, with about 3,500–5,000 square feet of living space. It is a multiplex in Hamilton.
Is 74 Locke St N close to transit?
The nearest rapid-transit station is West Harbour GO Station (Lakeshore West GO), about 1.4 km (about a 17-minute walk) in a straight line. Hamilton GO Centre GO Station is about 1.5 km (about a 19-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 74 Locke St N?
About $5,153 a month — principal and interest on $1,049,000 with 20% down ($209,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 74 Locke St N compare with other homes in Hamilton?
Its asking price of $1,049,000 is about 56% above the median sold price in Hamilton over the last 90 days, $674,000, across 1,823 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 74 Locke St N been sold before?
Summitly has no earlier MLS® sale or lease of 74 Locke St N on record from the last two years. Older records aren't shown under TRREB rules.
Where is 74 Locke St N?
74 Locke St N is in Hamilton, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 74 Locke St N been on the market?
52 days — 74 Locke St N was listed on September 19, 2026.
What is the price per square foot of 74 Locke St N?
About $210 to $300 per square foot: the asking price of $1,049,000 over the 3,500–5,000 sq ft the listing gives as its size range.
