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$1,950,000
Status: For Sale
Rarely offered Hamilton Purpose-Built 9-Unit Building in Central Hamilton! 9 x 1 Bedroom units with separate hydro meters, 6 balconies, and 11 parking spaces. Mix of renovated and unrenovated units. 4/9 units renovated offering potential for 28% upside on rents. Gross income $147,097, potential $188,880. 3 vacant units upon possession. Low maintenance building with brick and concrete construction and terrazzo floors. Many recent updates including Roof (2012), Boiler (2012), Boiler Pumps (2023), Fire Systems (2021), Mailboxes (2020), windows/doors, and more. Coin laundry onsite in addition to in-suite laundry in renovated units. Clean Phase 1 available (2017). Situated in the heart of Hamilton's Business District close to Jackson Square, Hamilton GO Centre, Hamilton General Hospital, and multiple transit stops ideal for tenants. Some photos have been virtually staged.
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40679781 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :22 Nov, 2024 (6 Hours ago) |
| Source | :Oakville |
| Price | : $1,950,000 |
|---|---|
| Property Taxes | :$17254.15 |
| Tax Year | :2024 |
|---|
| Bedrooms | :9 + |
|---|---|
| Air Conditioning | :Ductless |
| Heating | :Natural Gas |
| Place of Worship | :No |
| Bathrooms | :9 |
|---|---|
| Approx Square Footage | :6000 sqft |
| Virtual Tour | :Virtual Tour (External Link) |
22 Nov, 2024
TREB #40679781
Listed
$1950000
