Residential Income in Hamilton (Crown Point)

CA$2,395,000

Barton, L8L3E5, Hamilton (Crown Point), ON

Residential Income for sale in Hamilton (Crown Point), Barton, L8L3E5, 3703 m²

Barton, L8L3E5, Hamilton (Crown Point), ON

CA$2,395,000

3703
Type: Residential Income

Description

Turnkey mixed-use investment opportunity featuring 9 units, including 8 residential suites (2 x 1-bedroom, 6 x 2-bedroom) and 1 approximately 1, 000 SF ground-floor commercial unit, ideally situated along the high-exposure Barton Street East corridor. Completed under CMHC's MLI Select Energy Program, the Property has undergone an extensive renovation and capital improvement program, including a new roof, updated plumbing, electrical, windows, in-suite heat pumps, a high-efficiency tankless boiler, and a restored exterior façade. As part of the energy retrofit, six of the eight residential units were completely gutted to the studs, reframed, reinsulated, drywalled, and fully renovated, representing a substantial investment. One of the remaining unrenovated units will become vacant in July, while the commercial space is currently vacant. Offered at an attractive 5.5% cap rate at the asking price. Purchaser must assume the existing first mortgage of approximately $1.87M at a 4.45% fixed interest rate with a 40-year amortization, providing highly attractive in-place financing. An exceptional opportunity to acquire a substantially upgraded, low-maintenance investment asset with stable cash flow and favourable long-term financing. (id:55532)

Location

Barton, L8L3E5, Hamilton (Crown Point), ON

Data

Object TypeResidential Income
Purchase PriceCA$2,395,000
Living Space3703 m²
Plot SizeN/A
BathroomsN/A
Construction YearN/A
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeOther
Primary Energy SourceN/A
Construction YearN/A
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent

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Real Estate Agent