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.
Property Type:
Residential Income
Property SubType:
Apartment
Listing General Location:
220 - St. Clair/Blakeley, 22 - Hamilton Centre
Bedrooms:
16
Bathrooms:
11.0
(Full:-/Half:-)
Lot Details:
100.2 x 45.19
Lot Depth:
45'2"13.8 m
Lot Frontage:
100'2"30.5 m
Kitchens:
0
County Or Parish:
Hamilton
Features:
Crops Included: No, Garage: No, New Construction: No
Construction:
Block, Stone
Basement:
Full, Finished
Foundation:
Block, Concrete Block
Roof:
Flat
Number of Storeys:
3
Number of Buildings:
0
Total Floor Area:
9,117 sq. ft.847 m2
Finished Area Above Grade:
9,117 sq. ft.847 m2
Fireplace:
false
Laundry Features:
Common Area
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
None
Heating:
Heat Pump
None
Other
false
No
Gage Ave. S. & Main St. E.
No
HST Applicable To Sale Price:
Included
Features:
Crops Included: No, Garage: No, New Construction: No
Electric Expense:
$2,400
Insurance Expense:
$3,900
Heating Expense:
$1,200
Snow Garbage Expense:
$1,200
Laundry Income:
$6,480
Zoning:
D
Lot Site Features:
Other
Features:
Crops Included: No, Garage: No, New Construction: No