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Est. payment /mo
3,703 SqFt
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,703 sqft
Subdivision Crown Point
MLS Listing ID X13474682
Annual Tax Amount $20,581
Tax Year 2025
Property Sub-Type Investment
Lot Depth 100.2
Lot Front 37.08
Property Description
Turnkey mixed-use investment opportunity featuring 9 units, including 8 residential suites (2 x 1-bedroom, 6 x 2-bedroom) and 1 approximately 1,000 SF ground-floor commercial unit, ideally situated along the high-exposure Barton Street East corridor. Completed under CMHC's MLI Select Energy Program, the Property has undergone an extensive renovation and capital improvement program, including a new roof, updated plumbing, electrical, windows, in-suite heat pumps, a high-efficiency tankless boiler, and a restored exterior façade. As part of the energy retrofit, six of the eight residential units were completely gutted to the studs, reframed, reinsulated, drywalled, and fully renovated, representing a substantial investment. One of the remaining unrenovated units will become vacant in July, while the commercial space is currently vacant. Offered at an attractive 5.5% cap rate at the asking price. Purchaser must assume the existing first mortgage of approximately $1.87M at a 4.45% fixed interest rate with a 40-year amortization, providing highly attractive in-place financing. An exceptional opportunity to acquire a substantially upgraded, low-maintenance investment asset with stable cash flow and favourable long-term financing.
Location
Province ON
County Hamilton
Area Hamilton
Zoning C5
Interior
Cooling Partial, Yes
Inclusions Eight Fridges, Eight Stoves, Six Washers, Six Dryers
Exterior
Utilities Available Yes
Lot Frontage 37.08
Lot Depth 100.2
Others
ParcelsYN No
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Listed by EXP REALTY
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