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$4,700,000
Available - For Sale
Listing ID: X11903308
89 Mount Albion Rd , Hamilton, L8K 6C4, Ontario
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 Bedrooms & 4 x 3 Bedrooms 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.
Price $4,700,000
Taxes: $12,230.2
Tax Type: Annual
Occupancy by: Tenant
Address: 89 Mount Albion Rd , Hamilton, L8K 6C4, Ontario
Postal Code: L8K 6C4
Province/State: Ontario
Legal Description: Units 1 To 8 Wentworth Condominium Plan
Lot Size: 187.9 x 124.6 (Feet)
Directions/Cross Streets: Mount Albion/Cherryhill
Zoning: Multi Residentia
Category: Apartment
Use: Apts-6 To 12 Units
Building Percentage: Y
Total Area: .54
Total Area Code:  Acres
Area Influences: Public Transit  
Approximatly Age: 51-99
Days Open: 7
Gross Income/Sales: $221400
Expenses Actual/Estimated: $Act
Soil Test: N
Heat Type: Gas Forced Air Open
Central Air Conditioning: Part
Water: Municipal
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Down payment: $  
Interest Rate: %  
Amortization :  Years
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
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