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$ 3,079,000
Est. payment /mo
Active
1539-1547 Barton ST E Hamilton, ON L8H 2X7
25,860 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 25,860 sqft
Price per Sqft $119
Subdivision Homeside
MLS Listing ID X13761316
Annual Tax Amount $37,196
Tax Year 2026
Property Sub-Type Investment
Property Description
A strong opportunity to acquire a professionally managed 16-unit residential apartment property 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. Offered at a current capitalization rate just under 6%, 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.
Location
Province ON
County Hamilton
Area Hamilton
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 110.0
Lot Depth 100.0
Others
ParcelsYN No
Listed by Corcoran Horizon Realty
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