NEW! Buy and sell safely with virtual options - Learn More
About the Listing 336803 -
This property presents a standout investment opportunity with its recent premium renovations and prime location. This 3-storey property offers a balanced mix of 63 modern multifamily suites: 9 studios, 25 one-bedroom, 25 two-bedroom, 3 three-bedroom, and 1 four-bedroom unit, providing appeal to a diverse tenant base. Amenity-rich, the property features a gym, on-site parking, and a laundry facility, enhancing tenant convenience and satisfaction. With a projected Year 1 NOI of $840,982 and revenue opportunities from laundry and parking, the property is structured for robust income generation. Tenants cover both water and hydro, effectively reducing operating costs and strengthening cash flow. Nearly fully vacant, the building provides flexibility for an investor to implement a leasing program to capture top market rents. Each suite showcases premium finishes, including luxury tiled tub surrounds, stone countertops, stainless steel appliances, high-efficiency windows, individual heating and cooling, and modern pot lights throughout. 1083 Main Street East combines modern living with strong income potential, making it an ideal asset for investors targeting stability and growth in Hamilton's multifamily sector.
Listing Highlights
Status
Active
Days on Site
0
Property Type
Commercial Sale
MLS ®
X13014442
Year Built
Total Square Footage
1
Lot/Acreage
0.56
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Partial
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Sanitary+Storm
- Parking Features: Underground,No Garage
Financial Details
- Tax Amount: $123,541
- Taxes w/Assessments: N/A
- Tax/Property ID: 172270123
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1083 * Main St E Hamilton, ON L8M 1N5
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of
