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    For Sale - 1083* Main Street, Hamilton, Ontario

    Est payment $0/mo
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    Views   6
    Time on Jump  49 day

    AI Summary *

    • Recent renovations create a modern living environment for tenants.
    • Diverse range of 63 multifamily suites to attract various renters.
    • Amenities include gym, on-site parking, and laundry for tenant convenience.
    • Strong revenue potential with projected Year 1 NOI of $840,982.
    • Nearly fully vacant, allowing flexibility for new leasing strategies.




    This property presents a standout investment opportunity with its recent premium renovations and prime location. This 3-storey property offers a balanced mix of 63 modern multifamily suites: 9 studios, 25 one-bedroom, 25 two-bedroom, 3 three-bedroom, and 1 four-bedroom unit, providing appeal to a diverse tenant base. Amenity-rich, the property features a gym, on-site parking, and a laundry facility, enhancing tenant convenience and satisfaction. With a projected year 1 noi of $840,982 and revenue opportunities from laundry and parking, the property is structured for robust income generation. Tenants cover both water and hydro, effectively reducing operating costs and strengthening cash flow. Nearly fully vacant, the building provides flexibility for an investor to implement a leasing program to capture top market rents. Each suite showcases premium finishes, including luxury tiled tub surrounds, stone countertops, stainless steel appliances, high-efficiency windows, individual heating and cooling, and modern pot lights throughout. 1083 main street east combines modern living with strong income potential, making it an ideal asset for investors targeting stability and growth in hamilton's multifamily sector.
    Listing IDX13014442
    Address1083* Main Street
    CityHamilton, Ontario
    Price$1
    StyleInvestment
    Land Size0.56
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling BaseboardSewer Sanitary+Storm

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    Listing Agency:  COLLIERS

    * 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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    1083* Main Street
    Hamilton , Ontario
    $1
    Get more info