Every week we pick a few of the best investment properties available right now in Hamilton, Burlington, Niagara and the towns around them, run the numbers, and say why we like each one. This week we've got 5 of them.
- Erin detached on a big lot, needs everything
- Hamilton legal duplex, down $130,000 since last year
- Port Colborne legal triplex built in 2024
- Welland 5-plex down $250,100, basement unit roughed in
- Niagara Falls brick fourplex, metal roof since 2018
Erin detached on a big lot, needs everything
Two-storey detached, Erin · $699,000
The big lot, the attached garage and the two-storey layout are already there. The finishes are not, so plan on a full update inside and out. If you flip, the buy price leaves room to do the work and resell, and the address comes with the call.
Hamilton legal duplex, down $130,000 since last year
29 Gertrude Street, Hamilton · $445,000 · 3 units · 4 bed · 2 bath · taxes $2,267 a year
- Down $50,000 from $495,000 when it listed.
- Was asking $575,000 in 2025. Down $130,000 since then.
- Rent, our estimate: about $5,650 a month on today's asking rents nearby.
- About 15.2% gross on the asking price.
The basement is unfinished and empty, and the listing says a future owner may be able to finish it as a third rental. Tenants pay their own hydro on separate meters, and one unit is month to month. You could keep the current income and plan the basement on your own timeline.
See this listing, with every photo
Port Colborne legal triplex built in 2024
664 King Street, Port Colborne · $799,850 · 6 units · 6 bed · 6 bath · taxes $7,864 a year
- Down $50,140 from $849,990 when it listed.
- Was asking $985,000 in 2025. Down $185,150 since then.
- Rents in the listing: $14,000 a month.
- About 21% gross on the asking price.
It is more than 4,300 square feet, has a short-term rental licence, and is down $185,150 from its 2025 asking. Each of the three units has its own entrance. The about 21% gross is on the asking price using the rents in the listing, and peak season runs June to September, so you could ask for the month-by-month numbers first.
See this listing, with every photo
Welland 5-plex down $250,100, basement unit roughed in
13 McMaster Avenue, Welland · $899,900 · 5 units · 8 bed · 5 bath · taxes $5,572 a year · 51-99 years old
- Was asking $1,150,000 in 2025. Down $250,100 since then.
- Rent, our estimate: about $8,175 a month on today's asking rents nearby.
- About 10.9% gross on the asking price.
Four 2-bedroom units sit on a 63 by 190 foot lot near the canal. The walk-up basement has its own outside door and plumbing rough-ins where a fifth unit used to be, and the listing says it is still taxed as a 5-plex. It sells as is, so you could update the four and rebuild the fifth to your own plan.
See this listing, with every photo
Niagara Falls brick fourplex, metal roof since 2018
5078-5086 FIFTH Avenue, Niagara Falls · $850,000 · 4 units · 8 bed · 4 bath · taxes $4,771 a year
- Was asking $1,099,900 in 2025. Down $249,900 since then.
- Rent, our estimate: about $7,050 a month on today's asking rents nearby.
- About 10% gross on the asking price.
Four 2-bedroom units, each with its own entrance, kitchen, full bath and porch or balcony. The big items are done: a full rewire with five meters, four water heaters, a boiler about eight years old, and the roof redone down to the plywood in 2018. You could live in one and rent three, or rent all four with the main systems already handled.
See this listing, with every photo
St. Catharines split house asks 62% more rent
Asking rents, last six months: a 1-bedroom at $1,750 plus a 2-bedroom at $2,050 adds up to $3,800, against $2,350 for one 3-bedroom house. If you can legally split a house there, that is the gap you are working with.
Want to talk about one of these? Message us and your agent will reach out. If you got this week's email, just reply with the one you want to see.
Prices and details come from the listing and can change. Rent figures are what the listing says or our estimate from nearby asking rents. Not financial advice.