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$2,599,900
Est. payment /mo
14 Beds
9 Baths
7,503 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 7503
Square Footage 7,503 sqft
Price per Sqft $346
Subdivision 253 - Huntington
MLS® Listing ID 40823176
Bedrooms 14
Year Built 1960
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Freehold
Property Description
Positioned in one of Hamilton Mountain's most sought-after pockets, this clean and well-managed 9-unit apartment building offers a turnkey investment opportunity with stable income and long-term upside. Ideally located just steps to the brow, transit, and everyday amenities, the property consistently attracts quality, reliable tenants drawn to both convenience and lifestyle. The building features a strong and desirable unit mix including six 2-bedroom units, two 1-bedroom units, and one bachelor suite—appealing to a broad tenant demographic. Nine surface parking spaces provide added convenience and value for residents. With separate hydro meters, operational efficiency is enhanced while keeping expenses predictable. Pride of ownership is evident throughout, with a solid maintenance history including a boiler replacement (2011) and a brand new roof (2025). Terrazzo flooring in the stairwells adds a durable, classic touch to the common areas. The property benefits from low vacancy and steady performance, generating a net income of $126,077.08 and a 4.85% cap rate. This is an excellent opportunity for investors seeking a well-located, income-producing asset in a high-demand rental market. Proforma available upon request. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 9
Garage No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by RE/MAX Escarpment Realty Inc.
NEARBY PROPERTIES FOR SALE
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Jeffrey Sefton
Primary Coverage areas - Oliver, Osoyoos, OK Falls
Primary Coverage areas - Oliver, Osoyoos, OK Falls