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$1,690,000
Available - For Sale
Listing ID: X11997681
Rarely offered Hamilton Purpose-Built 9-Unit Building in Central Hamilton! 9 x 1 Bedroom units with separate hydro meters, 6 balconies, and 11 parking spaces. Mix of renovated and unrenovated units. 4/9 units renovated offering potential for 28% upside on rents. Gross income $147,097, potential $188,880. Low maintenance building with brick and concrete construction and terrazzo floors. Many recent updates including Roof (2012), Boiler (2012), Boiler Pumps (2023), Fire Systems (2021), Mailboxes (2020), windows/doors, and more. Coin laundry onsite in addition to in-suite laundry in renovated units. Clean Phase 1 available (2017). Unit 5 vacant, Unit 6 vacant Apr 1. Situated in the heart of Hamilton's Business District close to Jackson Square, Hamilton GO Centre, Hamilton General Hospital, and multiple transit stops ideal for tenants. Some photos have been virtually staged. Financials available upon request. Appraised for $2,050,000 in 2024.
Price $1,690,000
Taxes: $17,254.15
Tax Type: Annual
Occupancy by: Tenant
Address: 122 VICTORIA Aven North , Hamilton, L8L 5E5, Hamilton
Postal Code: L8L 5E5
Province/State: Hamilton
Legal Description: LOT 137, PLAN 223, NORTH SIDE OF KING ST
Directions/Cross Streets: Main St E to Victoria Aenue N
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Building Percentage: T
Total Area: 6,000
Total Area Code:  Square Feet
Area Influences: Major Highway   Public Transit
Approximatly Age: 51-99
Maintenance: 0
Water Expense: $6062
Expenses Actual/Estimated: $Act
Heat Type: Radiant
Central Air Conditioning: Partial
Sewers: Sanitary Availa
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Keller Williams Signature Realty, Brokerage

122 VICTORIA Aven North , Hamilton, L8L 5E5, Hamilton


 
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At a Glance:
Type: Com - Investment
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Landsdale
Style:
Lot Size: x 156.10(Feet)
Approximate Age: 51-99
Tax: $17,254.15
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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