122 VICTORIA AVE N Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8L 5E5
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $315
Subdivision Landsdale
MLS Listing ID X10441654
Annual Tax Amount $17,254
Tax Year 2024
Property Sub-Type Investment
Property Description
Rarely offered Hamilton Purpose-Built 9-Unit Building in Central Hamilton! 9 x 1 Bedroom units with separate hydro meters, 6 balconies, and 11 parking spaces. Mix of renovated and unrenovated units. 4/9 units renovated offering potential for 28% upside on rents. Gross income $147,097, potential $188,880. Low maintenance building with brick and concrete construction and terrazzo floors. Many recent updates including Roof (2012), Boiler (2012), Boiler Pumps (2023), Fire Systems (2021), Mailboxes (2020), windows/doors, and more. Coin laundry onsite in addition to in-suite laundry in renovated units. Clean Phase 1 available (2017). Unit 5 vacant, Unit 6 vacant Apr 1. Situated in the heart of Hamilton's Business District close to Jackson Square, Hamilton GO Centre, Hamilton General Hospital, and multiple transit stops ideal for tenants. Some photos have been virtually staged. Financials available upon request. Appraised for $2,050,000 in 2024.
Location
Province ON
County Hamilton
Community Landsdale
Area Hamilton
Rooms
Kitchen 0
Interior
Interior Features Separate Heating Controls,Other
Cooling Partial
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Awnings
Community Features Major Highway,Public Transit
Utilities Available Yes
Roof Type Asphalt Rolled
Lot Frontage 54.55
Lot Depth 156.1
Total Parking Spaces 11
Building
Foundation Concrete Block
New Construction false