More Photos

×

    For Sale - 983 Main Street, Hamilton, Ontario

    Est payment $13,445/mo
    Get pre-qualified
    Views   1
    Time on Jump  3 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

    Tue

    30

    Jun

    Wed

    1

    Jul

    Thu

    2

    Jul

    Fri

    3

    Jul

    Sat

    4

    Jul

    Sun

    5

    Jul

    Mon

    6

    Jul

    Tue

    7

    Jul

    Wed

    8

    Jul

    Thu

    9

    Jul

    Fri

    10

    Jul

    Sat

    11

    Jul

    Sun

    12

    Jul

    Mon

    13

    Jul

    Tue

    14

    Jul

    Wed

    15

    Jul

    Thu

    16

    Jul

    Fri

    17

    Jul

    Sat

    18

    Jul

    Sun

    19

    Jul

    Mon

    20

    Jul

    Tue

    21

    Jul

    Wed

    22

    Jul

    Thu

    23

    Jul

    Fri

    24

    Jul

    Sat

    25

    Jul

    Sun

    26

    Jul

    Mon

    27

    Jul

    Tue

    28

    Jul

    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

    571 Everglade Crescent
    London North, Ontario.
    4 Beds | 2 Baths
    $719,900
    14 Linn Street
    Marmora And Lake, Ontario.
    2 Beds | 1 Baths
    $349,900
    25 Grenadier Crescent
    Vaughan, Ontario.
    7 Beds | 6 Baths
    $2,298,000
    22 Cragg Crescent
    Ajax, Ontario.
    6 Beds | 4 Baths
    $1,200,000
    37 Totten Drive
    Brampton, Ontario.
    3 Beds | 3 Baths
    $779,900
    141 Edgar Street
    Chatham, Ontario.
    3 Beds | 1 Baths
    $349,900
    20543 Leslie Street
    East Gwillimbury, Ontario.
    4 Beds | 2 Baths
    $795,000
    82 Barre Drive
    Barrie, Ontario.
    3 Beds | 2 Baths
    $679,900
    1537 Harker Street
    Innisfil, Ontario.
    4 Beds | 3 Baths
    $889,000
    Loading...
    983 Main Street
    Hamilton , Ontario
    18 $2,799,999
    Get more info