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. (id:4069)
Address
41 ALBERT Street
List Price
$3,600,000
Property Type
Multi-family
Area
Ontario
Sub-Area
Hamilton
Bedrooms
16
Bathrooms
11
Floor Area
9,117 Sq. Ft.
MLS® Number
40692762
Listing Brokerage
TrilliumWest Real Estate Brokerage
| TrilliumWest Real Estate Brokerage Ltd.
Basement Area
Full (Finished)
Postal Code
L8M2Y1
Zoning
D
Open Houses
- February 01, 12:00 PM - 2:00 PM
