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$ 3,500,000
Est. payment /mo
Price Dropped by $100K
41 Albert ST Hamilton, ON L8M 2Y1
12 Baths
UPDATED:
02/21/2025 05:28 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Subdivision Central
MLS Listing ID X11940102
Style 3-Storey
Annual Tax Amount $15,192
Tax Year 2024
Property Sub-Type Multiplex
Property Description
The Westside Partners are delighted to present, on behalf of the Lender in Possession through Power of Sale, an exceptional opportunity to acquire a 13 unit condominiumized multi residential property located at 41 Albert Street in Hamilton, Ontario. The property is ideally positioned for a new investor to complete the final unit renovation and either refinance to retain it as a long term portfolio asset or finalize the condominiumization process to sell each unit individually to end users or affordable condominium investors. Proforma for each suggested exit strategy is available upon request. This 13 suite apartment building includes 11 fully renovated one bedroom apartments and one large renovated four bedroom apartment. The renovations feature new laminate flooring, modern light fixtures, stainless steel appliances, quartz countertops, and high quality finishes, creating a stylish and comfortable living space. Each unit has its own ductless split system heat pump for heating and cooling, separate hydro meters, with tenants paying for their own hydro.
Location
Province ON
County Hamilton
Community Central
Area Hamilton
Rooms
Family Room No
Basement Separate Entrance
Kitchen 0
Interior
Interior Features None
Cooling Wall Unit(s)
Fireplace Yes
Heat Source Gas
Exterior
Parking Features None
Pool None
Roof Type Flat
Lot Frontage 100.2
Lot Depth 45.19
Building
Foundation Concrete Block, Block
Others
Virtual Tour https://unbranded.youriguide.com/7_11_12_43_albert_st_hamilton_on/
Listed by Trilliumwest Real Estate Brokerage Ltd