122 Victoria Ave N - Apartments FOR SALE


Hamilton, ON L8L 5E5- Hamilton Downtown C
$1,690,000 CAD
226-921-8881
122 Victoria Ave N, Hamilton, ON for Sale
$1,690,000 CAD
Apartments - FOR SALE
1/17
null | 5.69% Cap Rate

122 Victoria Ave N
Hamilton, ON L8L 5E5
Hamilton Downtown C


HIGHLIGHTS

  • Low maintenance 3 Storey walk-up
  • Brick and concrete construction and terrazzo floors
  • 4 renovated units, 5 units ready for improvement
  • Potential rent: $15,890/mth. Potential Value: $3,044,000
  • Major Capex Done: Roof, Boiler, Fire Systems, and More

OVERVIEW

Rarely offered Hamilton Purpose-Built 9-Unit Building in Central Hamilton! 9 x 1 Bedroom units with separate hydro meters, 6 balconies, and 11 parking spaces. Mix of renovated and unrenovated units. 4/9 units renovated offering potential for 28% upside on rents. Gross income $147,097, potential $188,880. 3 vacant units upon possession. Low maintenance building with brick and concrete construction and terrazzo floors. Many recent updates including Roof (2012), Boiler (2012), Boiler Pumps (2023), Fire Systems (2021), Mailboxes (2020), windows/doors, and more. Coin laundry onsite in addition to in-suite laundry in renovated units. Clean Phase 1 available (2017). Situated in the heart of Hamilton's Business District close to Jackson Square, Hamilton GO Centre, Hamilton General Hospital, and multiple transit stops ideal for tenants. Some photos have been virtually staged. Financials available upon request.

FOR SALE DETAILS

PRICE

$1,690,000 CAD

PRICE/SF

$198 CAD /SF

# OF UNITS

9

PRICE/UNIT

$187,778

CAP RATE

5.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

D

APN/PARCEL ID

251803021256870

ASK ABOUT THIS PROPERTY

Jake NovisKeller Williams Signature RealtyMore Info
226-921-8881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jake NovisKeller Williams Signature RealtyMore Info
226-921-8881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.