1052 Barton Street E, Hamilton, ON L8L 3E5 (Barton St E & Ottawa St N)

Price : $2,395,000.00 , MLS®# : X13474682

Description

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.

Location Description

Barton St E & Ottawa St N

Property Details
  • Community: Crown Point
  • Property Type: Tenant/Commercial
  • Garages: None
  • Annual Property Taxes : $ 20581
Building Features
  • Parking Type : None
Building Features
  • Heating : Other
Land (Lot Features)
  • Frontage: 37.08 sq.ft
  • Land Depth: 100.2sq.ft

Listing Contracted With: EXP REALTY