145 Victoria Ave S - Apartments FOR SALE


Hamilton, ON L8N 1W4
$1,995,000 CAD
226-921-8881
145 Victoria Ave S, Hamilton, ON for Sale
$1,995,000 CAD
Apartments - FOR SALE
1/11
null | 5.18% Cap Rate

145 Victoria Ave S
Hamilton, ON L8N 1W4


HIGHLIGHTS

  • Low maintenance 3 Storey walk-up with AAA Tenants
  • Brick and concrete construction and terrazzo floors
  • 8 Parking Spaces. Separate hydro meters (breakers)
  • Major Capex Done: Roof, Boiler, Fire Systems, and More
  • Heat Pumps & In-Suite Laundry in 4/8 units

OVERVIEW

Rarely offered purpose-built legal 8-Unit investment property in the highly sought-after Stinson neighborhood! This low-maintenance, 3-storey walk-up features separate hydro meters, 8 parking spaces, and spacious 700+sf units occupied by A+ tenants. The building boasts a fantastic suite mix of 6 x 2-bedroom units and 2 x 1-bedroom units, with durable brick and concrete construction and classic terrazzo floors. Gross income of $157,000, potential to reach $189,000. This turnkey 8-Unit Building has been well cared for with significant capital expenditures. Updates including Heat Pumps and In-Suite Laundry (4/8 units), Parapet Wall Capping (2020), Fire Systems (2021), and more. Coin laundry onsite. Situated at the edge of the escarpment, this premium location is minutes from the Hamilton GO Centre, Hamilton General Hospital, transit stops, and all the amenities of downtown Hamilton, making it a prime choice for tenants. Don’t miss this exceptional investment opportunity with strong cash flow and long-term upside. Financials available upon request.

FOR SALE DETAILS

PRICE

$1,995,000 CAD

PRICE/SF

$296 CAD /SF

# OF UNITS

8

PRICE/UNIT

$249,375

CAP RATE

5.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1949

PARKING SPACES

8

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

251803020205780

ASK ABOUT THIS PROPERTY

Jake NovisKeller Williams Signature RealtyMore Info
226-921-8881

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Jake NovisKeller Williams Signature RealtyMore Info
226-921-8881

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