For Sale - 1052 - 1054 Barton Street, Hamilton, Ontario

Est payment $11,501/mo
Views   5
Time on Jump  108 day
  • Turnkey investment with 9 units, 8 residential and 1 commercial space.
  • Extensive renovations including new roof, plumbing, and electrical upgrades.
  • High-efficiency systems installed for energy savings and lower maintenance.
  • Strategically located along a busy corridor for high visibility.
  • Attractive financing options available with a favorable cap rate.



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.
Listing IDX13474682
Address1052 - 1054 Barton Street
CityHamilton, Ontario
Price$2,395,000
StyleInvestment
TypeIndustrial/Commercial
StatusFor Sale
Subtype InvestmentHeating / Cooling Other
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1052 - 1054 Barton Street
Hamilton , Ontario
$2,395,000
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