REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,700,000
Est. payment | /mo
$ 4,700,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Red Hill
MLS Listing ID X11903308
Annual Tax Amount $12,230
Tax Year 2024
Property Sub-Type Investment
Property Description
Rarely offered purpose-built legal 8-Unit investment property on a premium corner lot in the highly sought-after Red Hill area of Hamilton !! The building boasts a fantastic suite mix of 8 condo Townhomes: 4 x 2 Bedroom Townhouses & 4 x 3 Bedroom Townhouses ranging from 835 Sq.Ft. to 1035 Sq.Ft. Full Basements, Fully rented with upwards income potential!! Addresses: 89,91,93,95,97,99 & 101 on Mount Albion & 2 Cherry Hill Ave. Tenants Pay All Utilities. Separate Utility Meters. This turnkey 8-Unit Building has been well cared for with a new Roof in 2016, Windows done in 2010, All Furnaces are new & high efficiency, new Parking Lot. 12 Parking and 2 Garages. Rental Water Heaters. Gross Income of $ 220,000 with potential to rise in future. The site benefits from strong rental demand, excellent transit access, and a promising outlook for future growth in this vibrant, high-potential neighborhood. Don' t miss this exceptional investment opportunity with strong cash flow and long-term upside.
Location
Province ON
County Hamilton
Community Red Hill
Area Hamilton
Interior
Heating Yes
Cooling Partial
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 187.9
Lot Depth 124.6
Building
Lot Description Irregular Lot
Listed by HOMELIFE SIGNATURE REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "