416-777-2200
223 Jackson St W, Hamilton, ON for Sale
Apartments - FOR SALE
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null | Request Cap Rate

223 Jackson St W
Hamilton, ON L8P 4R4


OVERVIEW

‘Jackson Villa Apartments’ presents a prime opportunity to acquire a 110-unit apartment building in the heart of downtown Hamilton. The Property offers 64,460 SF of rentable space across a mix of one-bedroom and two-bedroom suites. Centrally located, the Property is in close proximity to major attractions such as trendy Locke Street, Jackson Square Shopping Mall, Hamilton Convention Centre, and City Hall, and is just a 10-minute drive to McMaster University. Excellent transit options, including nearby bus stops and the Hamilton GO Centre, ensure seamless commuting. The location also boasts nearby green spaces, cultural attractions, reputable schools, and hospitals, enhancing its appeal to families and professionals alike. The Property is significantly below market rent, with an average rent of $1,036 compared to the average market rate of approximately $1,800, highlighting substantial potential for NOI growth with or without renovations. The Property is 98% occupied, providing a stable income stream and significant rental upside.

FOR SALE DETAILS

PRICE

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# OF UNITS

110

CAP RATE

Request Cap Rate

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jackson Villa

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

11

YEAR BUILT

1974

PARKING SPACES

150

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,523 SF

ZONING

-

APN/PARCEL ID

251802013550010

ASK ABOUT THIS PROPERTY

Steve KeyzerColliersMore Info
416-777-2200

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Steve KeyzerColliersMore Info
416-777-2200

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