ON
Hamilton (Crown Point)
L8L3E5
1052 Barton E Street
1052 Barton E Street, Hamilton (Crown Point), ON L8L3E5
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Listing Type
Multi Family
Listing Status
Active
44
$2,395,000

Home Details for 1052 Barton E Street

Price
$2,395,000
Type
Residential Income
Listing #
X13474682
Property 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. (id:31684)

Property Features
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Listing Courtesy: EXP REALTY
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EXIT REALTY TRINITY
2862 Lakeshore Blvd West, Etobicoke, ON M8V 1H9
Office
416 252 2822
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