More Photos

×

    For Sale - 983 Main Street, Hamilton, Ontario

    Est payment $13,445/mo
    Get pre-qualified
    Views   3
    Time on Jump  54 day

    AI Summary *

    • 18-suite apartment building in a prime location on Main Street East.
    • Variety of unit types, including two-bedroom and one-bedroom options.
    • Tenants handle their own hydro, generating additional income from on-site laundry.
    • Recent upgrades to boilers and roof enhance property value.
    • Current rents are below market, offering potential for increased revenue.




    18-suite apartment building located along hamilton's main street east corridor. The property features a suite mix of 12 two-bedroom units, 4 one-bedroom units, and 2 one-bedroom-plus-den units. The asset benefits from separately metered hydro with tenants paying their own electricity and on-site laundry income. Recent capital improvements including upgrades to the boilers and roof. In-place rents are below market 15-20%. Purchasers should note that the current level of vacancy (7) may impact the availability and terms of cmhc financing until the vacant suites are leased and stabilized. 3 storey walk up frame building dating from the 1920's. $155,000 per suite and a 5. 7% cap rate.
    Listing IDX13494508
    Address983 Main Street
    CityHamilton, Ontario
    Price$2,799,999
    Bath18 Full
    StyleInvestment
    Land Size0.18
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public TransitBasement 1Heating / Cooling Gas Hot WaterSewer Sanitary+Storm

    ASAP

    Fri

    21

    Aug

    Sat

    22

    Aug

    Sun

    23

    Aug

    Mon

    24

    Aug

    Tue

    25

    Aug

    Wed

    26

    Aug

    Thu

    27

    Aug

    Fri

    28

    Aug

    Sat

    29

    Aug

    Sun

    30

    Aug

    Mon

    31

    Aug

    Tue

    1

    Sep

    Wed

    2

    Sep

    Thu

    3

    Sep

    Fri

    4

    Sep

    Sat

    5

    Sep

    Sun

    6

    Sep

    Mon

    7

    Sep

    Tue

    8

    Sep

    Wed

    9

    Sep

    Thu

    10

    Sep

    Fri

    11

    Sep

    Sat

    12

    Sep

    Sun

    13

    Sep

    Mon

    14

    Sep

    Tue

    15

    Sep

    Wed

    16

    Sep

    Thu

    17

    Sep

    Fri

    18

    Sep

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Agency:  COMMERCIAL FOCUS REALTY INC.

    * 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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    36 Rushley Drive
    Toronto, Ontario.
    3 Beds | 2 Baths
    $819,000
    560 John Street
    Gravenhurst, Ontario.
    2 Beds | 3 Baths
    $384,900
    117 Delarmbro Drive
    Erin, Ontario.
    6 Beds | 5 Baths
    $1,737,770
    19 Oakbank Road
    Vaughan, Ontario.
    4 Beds | 2 Baths
    $3,498,000
    296 Kirchoffer Avenue
    Carlingwood - Westboro And …
    4 Beds | 4 Baths
    $1,995,000
    41 Mabern Street
    Barrie, Ontario.
    4 Beds | 4 Baths
    $698,000
    10 Calamint Lane Unit# 67
    Toronto, Ontario.
    3 Beds | 3 Baths
    $729,990
    60 Banting Crescent
    Brampton, Ontario.
    6 Beds | 4 Baths
    $879,900
    38 Parker Street
    St. Catharines, Ontario.
    3 Beds | 2 Baths
    $599,900
    Loading...
    983 Main Street
    Hamilton , Ontario
    18 $2,799,999
    Get more info