89 Mount Albion Road, Hamilton | Image 1

89 Mount Albion Road

Hamilton, Red Hill

  • Commercial

$4,700,000
For Sale

Added 3 days ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: Multi Residentia

  • Age: 51-99 years

  • Taxes: 12230.2

  • MLS®#: X11903308

  • Added: Jan 01, 2025 (3 days ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: HOMELIFE SIGNATURE REALTY

Rarely offered purpose-built legal 8-Unit investment property on a premium corner lot in the highly sought-after Red Hill area of Hamilton !! The building boasts a fantastic suite mix of 8 condo Townhomes: 4 x 2 Bedrooms & 4 x 3 Bedrooms ranging from 835 Sq.Ft. to 1035 Sq.Ft. Full Basements, Fully rented with upwards income potential!! Addresses: 89,91,93,95,97,99 & 101 on Mount Albion & 2 Cherry Hill Ave. Tenants Pay All Utilities. Separate Utility Meters. This turnkey 8-Unit Building has been well cared for with a new Roof in 2016, Windows done in 2010, All Furnaces are new & high efficiency, new Parking Lot. 12 Parking and 2 Garages. Rental Water Heaters. Gross Income of $ 220,000 with potential to rise in future. The site benefits from strong rental demand, excellent transit access, and a promising outlook for future growth in this vibrant, high-potential neighborhood. Don' t miss this exceptional investment opportunity with strong cash flow and long-term upside.

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 51-99

  • Area: Hamilton

  • Community: Red Hill

  • Availability Date: Immediate

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 14

Fees

  • Tax Year: 2024

  • Tax Legal Description: Units 1 To 8 Wentworth Condominium Plan No. 319.

  • Taxes: $12,230

  • Expenses: Act

  • Taxes Type: Annual

Land

  • Cross Street: Mount Albion/Cherryh

  • Municipality District: Hamilton

  • Parcel Number: 183190000

  • Lot Depth: 124.6 Feet

  • Lot Frontage: 187.9 Feet

  • Lot Irregularities: Rectangular

  • Zoning: Multi Residentia

Commercial Specific

  • Total Area: 0.54

  • Total Area Metric: Acres

  • Area Influence: Public Transit

  • Days Open: 7

  • Lot Code: Lot

  • Soil Test: N

  • Gross Income/Sales: 221400

Map of 89 Mount Albion Road, Hamilton
JK-5

Glen Echo Junior Public School

Elementary: Public
1.16 km
JK-8

St. Luke Catholic Elementary School

Elementary: Catholic
0.50 km
JK-8

Viscount Montgomery Public School

Elementary: Public
1.20 km
JK-8

Elizabeth Bagshaw School

Elementary: Public
0.56 km
JK-8

Sir Wilfrid Laurier Public School

Elementary: Public
0.57 km
JK-8

St. Eugene Catholic Elementary School

Elementary: Catholic
1.30 km
9-12

ÉSAC Mère-Teresa

Secondary: Catholic
3.07 km
9-12

Delta Secondary School

Secondary: Public
2.74 km
Pre-Grade 9-12

Glendale Secondary School

Secondary: Public
1.00 km
Pre-Grade 9-12

Sir Winston Churchill Secondary School

Secondary: Public
1.75 km
Pre-Grade 9-12

Sherwood Secondary School

Secondary: Public
2.60 km
9-12

Saltfleet High School

Secondary: Public
4.45 km