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Renovated Multi-residential Property with Individual Units Available

CAD $3,199,000 (USD $2,313,673) *current conversion
41 Albert Street, Hamilton, Ontario, L8M 2Y1, Canada
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Property Highlights

  • 13-unit condominiumized building
  • 11 renovated one-bedroom apartments
  • Large four-bedroom apartment
  • Modern kitchens with quartz countertops
  • Stainless steel appliances in all units
  • Individual ductless heating/cooling systems

Overview

Presenting on behalf of the Lender in Possession through Power of Sale: an exceptional opportunity to acquire a 13-unit, condominiumized multi-residential property at 41 Albert Street in Hamilton, Ontario. This turn-key asset offers multiple exit strategies ; complete the final unit renovation and refinance as a long-term hold, or advance the condominiumization process and sell units individually to end users or affordable housing investors. The property includes 11 fully renovated one-bedroom apartments and one large four-bedroom apartment, all featuring laminate flooring, modern light fixtures, stainless steel appliances, quartz countertops, and quality finishes. Each suite is equipped with its own ductless split system for heating/cooling, separate hydro meter, and tenants pay their own hydro.
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Property Features

41 Albert Street, Hamilton, Ontario, L8M 2Y1, Canada offers the following features:

Bedrooms: 16
Living Area: 9117sf
Property Type: Residential Income
Status: Active Under Contract
Reference ID: 40764997

What's Nearby

Local businesses near 41 Albert Street, Hamilton, Ontario, L8M 2Y1, Canada:

Public Transportation: < 1 mile
School: < 1 mile
Hospital: < 1 mile
Grocery/Shopping Center: < 1 mile
Gym: < 1 mile
Police Station: 1.6 miles

Map

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