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    For Sale - 1052 Barton Street, Hamilton, Ontario

    Est payment $11,501/mo
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    Views   3
    Time on Jump  7 day

    AI Summary *

    • 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 Barton Street
    CityHamilton, Ontario
    Price$2,395,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Other

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    Listing Agency:  EXP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    1052 Barton Street
    Hamilton , Ontario
    $2,395,000
    Get more info