1052 Barton Street E Hamilton, Ontario L8L 3E5

$2,395,000

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. (id:55460)

Property Details

MLS® Number	X13474682
Property Type	Multi-family
Community Name	Crown Point

Building

Appliances	Dryer, Washer
Cooling Type	Partially Air Conditioned, Fully Air Conditioned
Heating Type	Other
Size Exterior	3703 Sqft
Size Interior	3,703 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	100 Ft ,2 In
Size Frontage	37 Ft
Size Irregular	Bldg=37.08 X 100.2 Ft
Size Total Text	Bldg=37.08 X 100.2 Ft
Zoning Description	C5

https://www.realtor.ca/real-estate/29937098/1052-barton-street-e-hamilton-crown-point-crown-point