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$ 2,799,999
Est. payment | /mo
18 Baths
$ 2,799,999
Est. payment | /mo
18 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Crown Point
MLS Listing ID X13494508
Annual Tax Amount $41,800
Tax Year 2025
Property Sub-Type Investment
Property Description
18-suite apartment building located along Hamilton's Main Street East corridor. The property features a suite mix of 12 two-bedroom units, 4 one-bedroom units, and 2 one-bedroom-plus-den units. The asset benefits from separately metered hydro with tenants paying their own electricity and on-site laundry income. Recent capital improvements including upgrades to the boilers and roof. In-place rents are below market 15-20%. Purchasers should note that the current level of vacancy (7) may impact the availability and terms of CMHC financing until the vacant suites are leased and stabilized. 3 storey walk up frame building dating from the 1920's. $155,000 per suite and a 5.7% cap rate.
Location
Province ON
County Hamilton
Area Hamilton
Interior
Cooling No
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 70.0
Lot Depth 110.0
Others
Security Features No
ParcelsYN No
Listed by COMMERCIAL FOCUS REALTY INC.
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