983 Main ST E, Hamilton, ON L8M 1N3
983 Main ST E, Hamilton, ON L8M 1N3
983 Main ST E, Hamilton, ON L8M 1N3
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Christine Domina

Christine Domina

Christine Domina - Real Estate Smarts

+1(416) 873-4747
$2,799,999
Est. payment /mo
18 Baths
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UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision Crown Point

MLS Listing ID X13494508

Annual Tax Amount $41,800

Tax Year 2025

Property Sub-Type Investment

Property Description

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.

Location

Province ON

County Hamilton

Area Hamilton

Interior

Cooling No

Exterior

Community Features Public Transit

Utilities Available Yes

Lot Frontage 70.0

Lot Depth 110.0

Others

Security Features No

ParcelsYN No

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Listed by COMMERCIAL FOCUS REALTY INC.

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Christine Domina

Christine Domina

+1(416) 873-4747

Realtor | License ID: 9603994

Realtor License ID: 9603994

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