1052 Barton ST E, Hamilton, ON L8L 3E5
1052 Barton ST E, Hamilton, ON L8L 3E5
1052 Barton ST E, Hamilton, ON L8L 3E5
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Christine Domina

Christine Domina

+1(416) 873-4747
$2,395,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision Crown Point

MLS Listing ID X13474682

Annual Tax Amount $20,581

Tax Year 2025

Property Sub-Type Investment

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

Interior

Cooling Partial, Yes

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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Christine Domina

Christine Domina

+1(416) 873-4747

Realtor | License ID: 9603994

Realtor License ID: 9603994

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