About This Property

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.

Building & Size

Building Area

0.18 Acres

Property Sub-Type

Investment

Property Use

Apartment

Business Type

Apts - 13 To 20 Units

Elevator

None

Freestanding

Yes

Location

Cross Street

Main and East Bend

Entry Direction

Main

City

Hamilton

Neighbourhood

Crown Point

County / Region

Hamilton

Province

ON

Postal Code

L8M 1N3

Country

CA

Lot

Lot Size

0.18 Feet

Lot Width (ft)

70

Lot Depth (ft)

110

Lot Type

Lot

Interior & Systems

Heat Type

Gas Hot Water

Cooling

No

Basement

Yes

Security

No

Utilities

Yes

Sewer

Sanitary+Storm

Parking & Access

Garage Type

None

Lease & Financials

Transaction Type

For Sale

Occupant

Tenant

Possession

Immediate

HST

Not Subject to HST

Annual Tax (TMI)

$41,800.00

Tax Type

Annual

Tax Year

2025

Listing Info

MLS Status

New

Contract Status

Available

Listed By

COMMERCIAL FOCUS REALTY INC.

Board

Toronto Regional Real Estate Board

Showing Requirements

Lockbox

Listing Expiry

2026-09-02

Assessment Year

2026