Description

Well-maintained 8-suite walk-up apartment building situated along the Main Street East corridor in Hamilton's east end. The property features a desirable suite mix of 1 bachelor and 7 two-bedroom units, appealing to a broad tenant base. Current in-place rents provide approximately 15%-20% upside to market based on existing income and projections for the single vacant unit, with an average in-place rent of approximately $1,444 per month. Separately metered hydro with tenants responsible for their own electricity costs. One boiler was replaced last year, and the building includes on-site laundry owned by the vendor. Excellent connectivity with transit along Main Street East and quick access to the Red Hill Valley Parkway, QEW, and Highway 403.