41-43 Albert Street, Hamilton | Image 1

41-43 Albert Street

Hamilton, Blakeley

  • Commercial

$3,700,000
For Sale

Added 13 hours ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-13 To 20 Units

  • Zoning: D/S-1822

  • Age: 51-99 years

  • Taxes: 4485

  • MLS®#: X10406029

  • Added: Nov 04, 2024 (13 hours ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: MYSAK REALTY INC.

13 unit - fully renovated building. 5.1 % cap rate - does not include rent for 1 unit as 1 unit is unregistered and needs complete renovation. Cap rate will increase once you are able to get the 13 unit legal and renovated. Hydro paid by tenants. 12 x 1 Bed, 1 x 4 Bed. Each unit has heat pump. All kitchens and bathrooms completely renovated (except 1 unit). Excellent tenants. Beautiful renovations completed. A long term hold building with all the heavy lifting completed.

Property

  • Status: Sale

  • Type: Apts-13 To 20 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 51-99

  • Area: Hamilton

  • Community: Blakeley

  • Availability Date: TBA

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Other

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Street

Fees

  • Tax Year: 2024

  • Tax Legal Description: UNIT 1, LEVEL 1, WENTWORTH CONDOMINIUM PLAN NO. 253 AND ITS APPU

  • Taxes: $4,485

  • Expenses: Est

  • Insurance Fee: 15125

  • Hydro Expense: 2400

  • Heat Expenses: 1200

  • Taxes Type: Annual

  • Taxes: 4485

  • Tax Year: 2024

  • Water Fees: 5300

Land

  • Cross Street: Main Street and Albe

  • Municipality District: Hamilton

  • Sewer: San+Storm

  • Lot Depth: 45.1 Feet

  • Lot Frontage: 100.21 Feet

  • Zoning: D/S-1822

Commercial Specific

  • Sprinklers: N

  • Total Area Metric: Sq Ft

  • Office Size: 9117

  • Office Size Metric: Sq Ft

  • Area Influence: Major Highway

  • Area Influence: Public Transit

  • Lot Code: Lot

  • Gross Income/Sales: 244107

Map of 41-43 Albert Street, Hamilton
JK-8

ÉÉC Notre-Dame

Elementary: Catholic
0.35 km
JK-8

St. Ann (Hamilton) Catholic Elementary School

Elementary: Catholic
1.15 km
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Holy Name of Jesus Catholic Elementary School

Elementary: Catholic
1.19 km
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Adelaide Hoodless Public School

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0.18 km
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Highview Public School

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Prince of Wales Elementary Public School

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King William Alter Ed Secondary School

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Vincent Massey/James Street

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Delta Secondary School

Secondary: Public
1.77 km
Pre-Grade 9-12

Sherwood Secondary School

Secondary: Public
2.15 km
9-12

Cathedral High School

Secondary: Catholic
1.72 km
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