Outstanding opportunity to acquire a 16-unit, 4-storey brick apartment building in a prime Hamilton location near Gage Park and the future LRT line. All suites are self-contained and separately hydro-metered. The property features a strong mix of mostly renovated units achieving near-market rents, with further upside potential through ongoing turnover. The building has benefited from substantial capital expenditures over the past decade, ensuring a well-maintained and efficient asset. Ideally suited for investors seeking a solid addition to their portfolio in one of Hamiltons most promising growth corridors.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
11724 sq. ft. Square Feet
Total Area:
11,724 sq. ft.1,089 m2
Lot Depth:
45'8"13.9 m
Lot Frontage:
90'27.4 m
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
DE-2
Heating type:
Water Radiators
Garage:
None
Possession Details:
flexible
HST Applicable To Sale Price:
In Addition To
Assessment:
$1,265,000
Assessment Year:
2024
Type Taxes:
Annual
Taxes:
$35,186.88 /
2024
Assessment:
$1,265,000.00 /
2024
Hamilton
Hamilton
Stipley
Public Transit
Hot Water Heater
16 Fridges, 16 Stoves, 2 Washers, 2 Dryers, 1 Hot Water Tank Gas
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