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MLS® X13494508
Hamilton, ON
18-suite apartment building located along Hamilton's Main Street East corridor. The property features a suite mix of 12 two-bedroom units, 4 one-bedroom units, and 2 one-bedroom-plus-den units. The asset benefits from separately metered hydro with tenants paying their own electricity and on-site laundry income. Recent capital improvements including upgrades to the boilers and roof. In-place rents are below market 15-20%. Purchasers should note that the current level of vacancy (7) may impact the availability and terms of CMHC financing until the vacant suites are leased and stabilized. 3 storey walk up frame building dating from the 1920's. $155,000 per suite and a 5.7% cap rate.
Broker
COMMERCIAL FOCUS REALTY INC.
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Investment
983 Main Street E Hamilton
Hamilton
Type
Investment
Parking
None
Property Tax
~$41,800/yr
Heating
Gas Hot Water
Buying Essentials
Square Feet
18 sqft
Parking
None
Finances
List Price
$2,799,999
Price per SQFT
$155,556/sqft
Property Tax
~$41,800/yr
Property Specs
Property Type
Investment
MLS Size
18 sqft
Living & Amenities
Heating Type
Gas Hot Water
Policies & Utilities
Neighbourhood
Hamilton
Listed On
Jun 26, 2026
Public Transit
Days on Market
Current: 134 days
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