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Renanza Realty
For sale

1052 - 1054 BARTON STREET E

Hamilton (Crown Point), Ontario

MLS® X13474682

$2,395,000

Status
Active
Property type
Multi-family
MLS® number
X13474682
Bedrooms
Bathrooms
Year built

Listing 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.

Property summary

MLS® number
X13474682
Property type
Multi-family
Building type
Multi-Family
Square footage
3,703 sq ft
Land size
Bldg=37.08 x 100.2 FT
Annual property taxes
$20,581.00
Days on market
87 days

Features & details

Heating
Other
Cooling
Partially air conditioned, Fully air conditioned
Appliances
Washer, Dryer

What would this home cost you?

Based on the $2,395,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$11,144 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of EXP REALTY, KITCHENER.

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.