41 Albert ST Active

Hamilton,ON L8M 2Y1

$ 3500000

0 Bed

12 Baths

- SqFt


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

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