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 Type:
Commercial
Property Sub Type:
Investment
Freestanding:
No
Total Area:
3703 sq. ft. Square Feet
Total Area:
3,703 sq. ft.344 m2
Lot Depth:
100'2"30.5 m
Lot Frontage:
37'1"11.3 m
Water supply:
Municipal
Zoning:
C5
Heating type:
Other
Garage:
None
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$20,581 /
2025
Assessment:
$- /
-
Hamilton
Hamilton
Crown Point
N/A
Eight Fridges, Eight Stoves, Six Washers, Six Dryers
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