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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Crown Point
MLS Listing ID X13014442
Annual Tax Amount $123,540
Tax Year 2025
Property Sub-Type Investment
Property Description
This property presents a standout investment opportunity with its recent premium renovations and prime location. This 3-storey property offers a balanced mix of 63 modern multifamily suites: 9 studios, 25 one-bedroom, 25 two-bedroom, 3 three-bedroom, and 1 four-bedroom unit, providing appeal to a diverse tenant base. Amenity-rich, the property features a gym, on-site parking, and a laundry facility, enhancing tenant convenience and satisfaction. With a projected Year 1 NOI of $840,982 and revenue opportunities from laundry and parking, the property is structured for robust income generation. Tenants cover both water and hydro, effectively reducing operating costs and strengthening cash flow. Nearly fully vacant, the building provides flexibility for an investor to implement a leasing program to capture top market rents. Each suite showcases premium finishes, including luxury tiled tub surrounds, stone countertops, stainless steel appliances, high-efficiency windows, individual heating and cooling, and modern pot lights throughout. 1083 Main Street East combines modern living with strong income potential, making it an ideal asset for investors targeting stability and growth in Hamilton's multifamily sector.
Location
Province ON
County Hamilton
Area Hamilton
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 176.0
Lot Depth 188.0
Others
Security Features No
ParcelsYN No
Listed by COLLIERS
Nearby Locations
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