1539-1547 Barton Street E, Hamilton, ON L8H 2X7
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1539-1547 Barton Street E, Hamilton, ON L8H 2X7
1539-1547 Barton Street E, Hamilton, ON L8H 2X7
1539-1547 Barton Street E, Hamilton, ON L8H 2X7
1539-1547 Barton Street E, Hamilton, ON L8H 2X7
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Listed by Martinus Dominicus Geleynse • Corcoran Horizon Realty
$ 3,079,000
Est. payment /mo
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Active

1539-1547 Barton Street E Hamilton, ON L8H 2X7

1 Bed

25,860 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 25,860 sqft

Price per Sqft $119

MLS Listing ID 40861411

Bedrooms 1

Abv Grd Liv Area 25,860

Annual Tax Amount $37,196

Property Sub-Type Multi Family

Source Cornerstone

Property Description

A strong opportunity to acquire a professionally managed 16-unit residential apartment property offering an attractive combination of strong current yield, stable operations and meaningful upside. The suite mix includes 14 two-bedroom apartments and two one-bedroom apartments, with approximately 11 of the 16 units updated to varying degrees by current ownership. Several remaining suites offer further renovation potential, while a number of existing rents — including some materially below market — provide clear opportunity for income growth over time. The property is a solid, relatively low-maintenance multi-residential asset with a substantial paved parking area at the rear. It has been professionally managed for years and offers buyers a straightforward addition to an existing residential portfolio. Located in the edge of Hamilton's east end, the property is surrounded by everyday amenities including grocery, shopping, restaurants, services and transit, with convenient access to the Red Hill Valley Parkway and QEW. Offered at a current capitalization rate just under 6%, the property delivers compelling in-place income with the added benefit of CMHC financing potential and multiple avenues for long-term value creation. For investors seeking scale, strong yield and embedded rental upside in a pure residential asset, this is a particularly attractive offering.

Location

Province ON

County Hamilton

Area 23 - Hamilton East

Zoning R4 - Midrise Residential

Direction Barton St. E. and Paling Ave

Rooms

Basement Full, Partially Finished

Kitchen 0

Interior

Interior Features Other

Heating Radiant

Cooling Other

Fireplace No

Laundry None

Exterior

Roof Type Flat

Lot Frontage 110.0

Lot Depth 100.0

Garage No

Building

Lot Description High Traffic Area, Highway Access, Public Transit

Faces Barton St. E. and Paling Ave

Story 3

Sewer Septic Tank

Water Municipal

Level or Stories 2

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 172540166

Ownership Freehold/None


Domenica Carelli

Domenica Carelli

Agent

+1(647) 214-2994

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1539-1547 Barton Street E