• 23 Westmore Drive, #306, Toronto, ON, M9V 3Y7
  • +1-905-744-6000
  • info@findhomes.ca
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983 Main Street E, Hamilton, ON L8M 1N3

983 Main Street E, Hamilton, ON L8M 1N3

Hamilton, ON, L8M 1N3 · Crown Point

18 Baths
— Sq Ft
Investment Type
X13494508 MLS#

About this property

18-suite apartment building located along Hamilton's Main Street East corridor. The property features a suite mix of 12 two-bedroom units, 4 one-bedroom units, and 2 one-bedroom-plus-den units. The asset benefits from separately metered hydro with tenants paying their own electricity and on-site laundry income. Recent capital improvements including upgrades to the boilers and roof. In-place rents are below market 15-20%. Purchasers should note that the current level of vacancy (7) may impact the availability and terms of CMHC financing until the vacant suites are leased and stabilized. 3 storey walk up frame building dating from the 1920's. $155,000 per suite and a 5.7% cap rate.

Features & Amenities

  • Garage: None
  • Cooling: No
  • Heat Type: Gas Hot Water
  • Sewer: Sanitary+Storm

Property Details

Property Type Commercial
Property Sub-Type Investment
Bathrooms 18
Lot Size 0 Feet
Garage None
Heat Type Gas Hot Water
Cooling No
Sewer Sanitary+Storm
Annual Tax $41,800
Tax Year 2025

Building & Construction

Building Area Total
0.18

Heating & Cooling

Heat Type
Gas Hot Water
Cooling
No

Parking & Garage

Garage Type
None
Parking Spaces
0

Lot & Land

Lot Size Area
0.18
Lot Size Units
Feet
Lot Depth
110.00
Lot Width
70.00

Community & Neighborhood

Community Features
Public Transit

Financial & Tax

Tax Annual Amount
$41,800
Tax Year
2025
Tax Assessed Value
$1,485,000
Possession Type
Immediate

Utilities & Services

Sewer
Sanitary+Storm
Utilities
Yes

Additional Details

Occupant Type
Tenant
County Or Parish
Hamilton
Cross Street
Main and East Bend
Directions
Main
Showing Requirements
Lockbox

Location

983 Main Street E, Hamilton, ON L8M 1N3, Hamilton, ON, L8M 1N3

Listing courtesy of COMMERCIAL FOCUS REALTY INC.
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Contact Info

  • +1-905-744-6000
  • info@findhomes.ca
  • 23 Westmore Drive, #306, Toronto, ON, M9V 3Y7
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