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$ 2,395,000
Est. payment /mo
Active
1052 - 1054 Barton ST E Hamilton, ON L8L 3E5
3,703 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,703 sqft
Price per Sqft $646
Subdivision Crown Point
MLS Listing ID X13474682
Annual Tax Amount $20,581
Tax Year 2025
Property Sub-Type Investment
Property 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.
Location
State ON
County Hamilton
Area Hamilton
Interior
Cooling Partial, Yes
Exterior
Utilities Available Yes
Lot Frontage 37.08
Lot Depth 100.2
Others
ParcelsYN No
Listed by EXP REALTY