821 Main Street E Hamilton, Ontario L8M 1L7
$2,999,900
Great value add opportunity in this legal 12 unit building perfectly situated between the Gibson/Stipley & St.Clair neighbourhoods in lower Central Hamilton steps to the future LRT route. A perfect candidate for the CMHC MLI select energy efficiency program. The building features 6-2 bedroom,1 bathroom & 6-1 bedroom,1 bathroom units with spacious floor plans, unused updated lockers, separate hydro meters & shared coin operated laundry. Newer fire escape, roof and gas boiler. Tons of upside with rents while currently grossing $184,632 annually. $500,000 VTB available. Assumable CMHC mortgage through First National. Through renovation, rent increases & additional locker income- this asset can be an anchor property in your portfolio for years to come (id:49476)
Property Details
| MLS® Number | H4179535 |
| Property Type | Other |
| Amenities Near By | Public Transit, Recreation |
| Community Features | Community Centre |
Building
| Cooling Type | None |
| Heating Type | Radiant Heat, Hot Water Radiator Heat |
| Size Exterior | 9000 Sqft |
| Size Interior | 9000 Sqft |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Public Transit, Recreation |
| Sewer | Sanitary Sewer |
| Size Depth | 94 Ft |
| Size Frontage | 46 Ft |
| Size Irregular | 46.82 X 94.93 |
| Size Total Text | 46.82 X 94.93 |
https://www.realtor.ca/real-estate/26261526/821-main-street-e-hamilton
Interested?
Contact us for more information
Abdellah Majd
Salesperson
69 John Street S. Unit 400a
Hamilton, Ontario L8N 2B9
(905) 592-0990
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November 08 2023 08:09:25
REALTORS® Association of Hamilton-Burlington
Revel Realty Inc.