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(905) 526-4837
Real Estate Company
65 MOUNT ALBION Road Unit 1-8, Hamilton, Ontario L8K5S5
Listing courtesy of RE/MAX Real Estate Centre Inc..
- $2,399,900
- 24
- BD
- 16
- BA
- 1,068
- SqFt
- List Price
- $2,399,900
- MLS®
- 40872889
- Days on Market
- 0
- Status
- ACTIVE
- Type
- Condo
- Subtype
- Multi-family
- Bedrooms
- 24
- Bathrooms
- 16
- Living Area
- 1,068
- Lot Size Dimensions
- 0.712
- Lot Size
- 31,014
- Subdivision
- 281 - Red Hill
Property Description
An exceptional and highly versatile investment opportunity awaits in a prime Hamilton location with this unique real estate package, featuring eight contiguous condominium units on Mount Albion Road offered entirely as a single portfolio block. Identified legally under Wentworth Condominium Plan Number 302, this entire multi-unit row asset consists of units one through eight, presenting a rare chance for a savvy landlord or investor to command a significant portion of an established condominium community. Three of the units have been completely renovated and are ready for immediate occupancy or premium rental rates, while the remaining five units provide an excellent value-add proposition through personalized updates and strategic renovations. According to the structural and exclusive-use framework verified in the registered plan of survey, each individual property benefits from distinct, dedicated boundaries including built-in lower-level garage parking and assigned front and rear yard exclusive-use common elements. This portfolio delivers ultimate exit flexibility, allowing an investor to generate immediate, scalable cash flow by operating the properties as high-yield rental units under the corporation’s clear tenancy guidelines, or to maximize capital gains by sequentially divesting the individual units into Hamilton's active retail resale market. (id:5764)
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Additional Information
- Ownership
- Condo/Strata
- Garage
- Yes
- Subdivision
- 281 - Red Hill
- Parking Spaces
- 16
- Cooling
- None
- Country
- Canada
- Sewer
- Municipal sewage system
- Heating
- Baseboard heaters
- Lot Features
- Backs on greenbelt, Conservation/green belt, Paved driveway, Private Yard
- Total Number Of Units
- 8
- Stories
- 3
- Lot Size
- 31,014
