Space
Finished area and layout
- Living Area
- 25,860 sqft
- Above Grade
- 25,860 sqft (Other)
- Finished Breakdown
- Above 25,860 sqft
- Bedrooms
- 1
- Bathrooms
- 0
+21 more
1
Bedrooms
0
Bathrooms
25,860 sqft
Living Area
110.0 feet frontage
Lot
11
Parking
Property Snapshot
Key details for this listing
MLS #40872450
Property
Type, style and structure
- Type
- residential
- Style
About This Property
This 1-bedroom, 0-bathroom multi-family in Hamilton offers 25,860 sqft of living area on a 110.0 feet frontage lot. 2 storeys. The home features baseboard heaters, radiant heat heating, a partially finished, full basement.
MLS Remarks
A strong opportunity to acquire a professionally managed 16-unit residential apartment property priced at a 6% cap rate; offering an attractive combination of strong current yield, stable operations and meaningful upside. The suite mix includes 14 two-bedroom apartments and two one-bedroom apartments, with approximately 11 of the 16 units updated to varying degrees by current ownership. Several remaining suites offer further renovation potential, while a number of existing rents — including some materially below market — provide clear opportunity for income growth over time. The property is a solid, relatively low-maintenance multi-residential asset with a substantial paved parking area at the rear. It has been professionally managed for years and offers buyers a straightforward addition to an existing residential portfolio. Located in the edge of Hamilton’s east end, the property is surrounded by everyday amenities including grocery, shopping, restaurants, services and transit, with convenient access to the Red Hill Valley Parkway and QEW. The property delivers compelling in-place income with the added benefit of CMHC financing potential and multiple avenues for long-term value creation. For investors seeking scale, strong yield and embedded rental upside in a pure residential asset, this is a particularly attractive offering. (id:60351)
Full Listing Details
Address1539-1547 BARTON Street E
MLS#40872450
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
Days on Market5
Common InterestFreehold
Annual Tax$37,196
Parking11
Parking TypeOpen
StyleMultiplex
Bedrooms1
Bathrooms0
Living Area25,860 sqft
Above Grade Area25,860 sqft (Other)
Stories2
CityHamilton
ProvinceOntario
Postal CodeL8H2X7
Subdivision231 - Homeside
Frontage110.0 feet
Zoning DetailsR4 - Midrise Residential
Total Parking11
Parking FeaturesOpen
HeatingBaseboard heaters, Radiant heat
BasementPartially finished, Full
ExteriorBrick
CommunityHigh Traffic Area
SewerMunicipal sewage system
Water SourceMunicipal water
Annual Tax$37,196
Barton St. E. and Paling Ave
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