65 MOUNT ALBION Road Unit# 1-8
Hamilton, Ontario
MLS® 40872889
$2,399,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 40872889
- Bedrooms
- 24
- Bathrooms
- 16
- Year built
- 1984
Listing description
An exceptional and highly versatile investment opportunity awaits in a prime Hamilton location with this unique real estate package, featuring eight contiguous condominium units on Mount Albion Road offered entirely as a single portfolio block. Identified legally under Wentworth Condominium Plan Number 302, this entire multi-unit row asset consists of units one through eight, presenting a rare chance for a savvy landlord or investor to command a significant portion of an established condominium community. Three of the units have been completely renovated and are ready for immediate occupancy or premium rental rates, while the remaining five units provide an excellent value-add proposition through personalized updates and strategic renovations.
According to the structural and exclusive-use framework verified in the registered plan of survey, each individual property benefits from distinct, dedicated boundaries including built-in lower-level garage parking and assigned front and rear yard exclusive-use common elements. This portfolio delivers ultimate exit flexibility, allowing an investor to generate immediate, scalable cash flow by operating the properties as high-yield rental units under the corporation’s clear tenancy guidelines, or to maximize capital gains by sequentially divesting the individual units into Hamilton's active retail resale market.
Property summary
- MLS® number
- 40872889
- Property type
- Multi-family
- Size
- 1,068 sq ft
- Title
- Condo/Strata
- Land size
- 0.712 acres
- Built in
- 1984
- Annual property taxes
- $19,228.96
- Parking
- 16 spaces · Attached Garage
- Days on market
- 10 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- None
- Basement
- Finished, Full
- Exterior features
- Vinyl siding, Brick Veneer
- Lot features
- Backs on greenbelt, Conservation/green belt, Paved driveway, Private Yard
What would this home cost you?
Based on the $2,399,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX Real Estate Centre Inc., Burlington.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.