$4,700,000
Available - For Sale
Listing ID: X11903308
89 Mount Albion Rd , Hamilton, L8K 6C4, Ontario
| Rarely offered purpose-built legal 8-Unit investment property on a premium corner lot in the highly sought-after Red Hill area of Hamilton !! The building boasts a fantastic suite mix of 8 condo Townhomes: 4 x 2 Bedrooms & 4 x 3 Bedrooms ranging from 835 Sq.Ft. to 1035 Sq.Ft. Full Basements, Fully rented with upwards income potential!! Addresses: 89,91,93,95,97,99 & 101 on Mount Albion & 2 Cherry Hill Ave. Tenants Pay All Utilities. Separate Utility Meters. This turnkey 8-Unit Building has been well cared for with a new Roof in 2016, Windows done in 2010, All Furnaces are new & high efficiency, new Parking Lot. 12 Parking and 2 Garages. Rental Water Heaters. Gross Income of $ 220,000 with potential to rise in future. The site benefits from strong rental demand, excellent transit access, and a promising outlook for future growth in this vibrant, high-potential neighborhood. Don' t miss this exceptional investment opportunity with strong cash flow and long-term upside. |
| Price | $4,700,000 |
| Taxes: | $12230.20 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 89 Mount Albion Rd , Hamilton, L8K 6C4, Ontario |
| Postal Code: | L8K 6C4 |
| Province/State: | Ontario |
| Legal Description: | Units 1 To 8 Wentworth Condominium Plan |
| Lot Size: | 187.90 x 124.60 (Feet) |
| Directions/Cross Streets: | Mount Albion/Cherryhill |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 0.54 |
| Total Area Code: | Acres |
| Area Influences: | Public Transit |
| Approximatly Age: | 51-99 |
| Days Open: | 7 |
| Gross Income/Sales: | $221400 |
| Expenses Actual/Estimated: | $Act |
| Soil Test: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Part |
| Water: | Municipal |
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At a Glance:
| Type: | Com - Investment |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Red Hill |
| Lot Size: | 187.90 x 124.60(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $12,230.2 |
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