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821 Main Street E Hamilton, Ontario L8M 1L7

9000 sqft
None Radiant Heat, Hot Water Radiator Heat

$2,999,900

Great value add opportunity in this legal 12 unit building perfectly situated between the Gibson/Stipley & St.Clair neighbourhoods in lower Central Hamilton steps to the future LRT route. A perfect candidate for the CMHC MLI select energy efficiency program. The building features 6-2 bedroom,1 bathroom & 6-1 bedroom,1 bathroom units with spacious floor plans, unused updated lockers, separate hydro meters & shared coin operated laundry. Newer fire escape, roof and gas boiler. Tons of upside with rents while currently grossing $184,632 annually. $500,000 VTB available. ASSUMABLE 3.25% CMHC MORTGAGE AVAILABLE NOT MATURING UNTIL JUNE/2027! Through renovation, rent increases & additional locker income- this asset can be an anchor property in your portfolio for years to come (id:50185)

Property Details

MLS® Number H4179535
Property Type Other
Amenities Near By Public Transit, Recreation
Community Features Community Centre

Building

Cooling Type None
Heating Type Radiant Heat, Hot Water Radiator Heat
Size Exterior 9000 Sqft
Size Interior 9000 Sqft
Utility Water Municipal Water

Parking

No Garage

Land

Access Type Highway Access
Acreage No
Land Amenities Public Transit, Recreation
Sewer Sanitary Sewer
Size Depth 94 Ft
Size Frontage 46 Ft
Size Irregular 46.82 X 94.93
Size Total Text 46.82 X 94.93

https://www.realtor.ca/real-estate/26261526/821-main-street-e-hamilton

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