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983 Main Street E, Hamilton, ON L8M 1N3
Crown Point · Hamilton · ON
MLS® Number: X13494508
Listing Brokerage: COMMERCIAL FOCUS REALTY INC.
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.
Directions: Main
Cross Street: Main and East Bend
No obligation or purchase necessary, cancel at any time.
905-226-7284
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