Tony Tompson
Sales Representative
Century 21 Example Inc., Brokerage
Independently owned and operated.
7163 Yonge Street, Suite #206, Thornhill, Ontario L3T 0C6
Cell: 1-866-382-2968Office: 416-548-7854Fax: 416-981-7184
$2,799,999
Available - For Sale
Listing ID: X13494508
983 Main Street East , Hamilton, L8M 1N3, Hamilton
| 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. |
| Price | $2,799,999 |
| Taxes: | $41800.00 |
| Tax Type: | Annual |
| Assessment Year: | 2026 |
| Occupancy: | Tenant |
| Address: | 983 Main Street East , Hamilton, L8M 1N3, Hamilton |
| Postal Code: | L8M 1N3 |
| Province/State: | Hamilton |
| Legal Description: | Plan 489, Lots 8 & 9 |
| Directions/Cross Streets: | Main and East Bend |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 13 To 20 Units |
| Building Percentage: | T |
| Total Area: | 0.18 |
| Total Area Code: | Acres |
| Area Influences: | Public Transit |
| Business/Building Name: | Main Street Apartments |
| Management Expense: | 13495 |
| Water Expense: | $20900 |
| Vacancy Allowance: | 6093 |
| Net Income Before Debt: | $158582 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 18 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
| Sewers: | Sanitary+Storm |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| COMMERCIAL FOCUS REALTY INC. |
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Dir:
1-866-382-2968
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Com - Investment |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Crown Point |
| Tax: | $41,800 |
| Baths: | 18 |
| Fireplace: | N |
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