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    For Sale - 1539-1547 Barton Street, Hamilton, Ontario

    Est payment $14,348/mo
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    Views   1
    Time on Jump  4 day

    AI Summary *

    • 16-unit apartment property with a competitive 6% cap rate.
    • Majority of units updated, with potential for additional renovations.
    • Existing rents below market provide opportunities for income growth.
    • Low-maintenance property with ample paved parking at the rear.
    • Located near amenities and convenient access to major highways.




    A strong opportunity to acquire a professionally managed 16-unit residential apartment property priced at a 6% cap rate; offering an attractive combination of strong current yield, stable operations and meaningful upside. The suite mix includes 14 two-bedroom apartments and two one-bedroom apartments, with approximately 11 of the 16 units updated to varying degrees by current ownership. Several remaining suites offer further renovation potential, while a number of existing rents - including some materially below market - provide clear opportunity for income growth over time. The property is a solid, relatively low-maintenance multi-residential asset with a substantial paved parking area at the rear. It has been professionally managed for years and offers buyers a straightforward addition to an existing residential portfolio. Located in the edge of hamilton's east end, the property is surrounded by everyday amenities including grocery, shopping, restaurants, services and transit, with convenient access to the red hill valley parkway and qew. The property delivers compelling in-place income with the added benefit of cmhc financing potential and multiple avenues for long-term value creation. For investors seeking scale, strong yield and embedded rental upside in a pure residential asset, this is a particularly attractive offering.
    Listing IDX14098962
    Address1539-1547 Barton Street
    CityHamilton, Ontario
    Price$2,988,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Electric Hot Water

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    Listing Brokerage: Corcoran Horizon 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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    1539-1547 Barton Street
    Hamilton , Ontario
    $2,988,000
    Get more info