1052 - 1054 Barton Street E
Hamilton, ON L8L 3E5
Price
$2,395,000
Building Size
3,703 sq ft
MLS# X13474682 | Listed by EXP REALTY
Business Details
Property Use
Apartment
Commercial Space & Financials
Taxes (Annual)
$20,581
Industrial Specifications
Lot Size
37.08' × 100.2'
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.
Price & Status History
Price history is locked
Location
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1052 - 1054 Barton Street E, Hamilton L8L 3E5
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Listing Courtesy of: EXP REALTY
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