89 Mount Albion Road, Hamilton, ON L8K 6C4

Hamilton L8K 6C4 Ontario

MLS: X11903308

$4,700,000

Added 67 days ago | For Sale

Listed by: HOMELIFE SIGNATURE REALTY

About Property

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.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 187.9 X 124.6
  • Water:Municipal
  • Garage Spaces: /Outside/Surface
  • Driveway:
  • Heating Fuel:
  • Cross Street:Mount Albion/Cherryhill
  • Basement: ,
  • Possession Date:Immediate
  • Annual Property taxes: $12230.2
  • Bedrooms:
  • Total Parking Spaces:14
  • Parking Places:14
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X11903308

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