416-777-2200
420 Greenhill Ave, Hamilton, ON for Sale
Apartments - FOR SALE
1/6
null | Request Cap Rate

420 Greenhill Ave
Hamilton, ON L8K 6E7


OVERVIEW

'Glen Valley Apartments’ offers an attractive investment in a desirable neighborhood along a ravine near the Glendale Golf Club. This 87- unit apartment building is on the edge of the Vincent and Red Hill neighborhoods, just east of the Red Hill Valley Parkway. The Property provides residents with a serene living environment, modern and spacious suites, and proximity to King’s Forest and King’s Forest Golf Club. Convenient public transit options are available, with bus stops connecting to the Hamilton Street Railway nearby, and it is only a 15-minute drive from the Hamilton GO Centre. Additionally, residents have access to Eastgate Square Mall, just an 8-minute drive away. The Property boasts a high occupancy rate of 99%, with 86 of the 87 units rented, and significant rent growth potential. The current average rent is $1,185, while the average market rent is $1,856, indicating a 56% potential increase in rental income.

FOR SALE DETAILS

PRICE

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# OF UNITS

89

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glen Valley Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

9

YEAR BUILT

1974

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,894 SF

ZONING

-

APN/PARCEL ID

251805053504460

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.