65 MOUNT ALBION Road Unit# 1-8, Hamilton, Ontario L8K 5S5
$2,399,900.00
- 24 bedrooms
- 16 bathrooms
- 1,068 Square Feet
An exceptional and highly versatile investment opportunity awaits in a prime Hamilton location with this unique real estate package, featuring eight contiguous condominium units on Mount Albion Road offered entirely as a single portfolio block. Identified legally under Wentworth Condominium Plan Number 302, this entire multi-unit row asset consists of units one through eight, presenting a rare chance for a savvy landlord or investor to command a significant portion of an established condominium community. Three of the units have been completely renovated and are ready for immediate occupancy or premium rental rates, while the remaining five units ... read more
An exceptional and highly versatile investment opportunity awaits in a prime Hamilton location with this unique real estate package, featuring eight contiguous condominium units on Mount Albion Road offered entirely as a single portfolio block. Identified legally under Wentworth Condominium Plan Number 302, this entire multi-unit row asset consists of units one through eight, presenting a rare chance for a savvy landlord or investor to command a significant portion of an established condominium community. Three of the units have been completely renovated and are ready for immediate occupancy or premium rental rates, while the remaining five units provide an excellent value-add proposition through personalized updates and strategic renovations. According to the structural and exclusive-use framework verified in the registered plan of survey, each individual property benefits from distinct, dedicated boundaries including built-in lower-level garage parking and assigned front and rear yard exclusive-use common elements. This portfolio delivers ultimate exit flexibility, allowing an investor to generate immediate, scalable cash flow by operating the properties as high-yield rental units under the corporation’s clear tenancy guidelines, or to maximize capital gains by sequentially divesting the individual units into Hamilton's active retail resale market. (id:25417)
- Listing ID: 40872889
- Property Type: Multi-family
- Year Built: 1984
| Property | |
|---|---|
| Ownership: | Condo Corporation |
| Lot Size: | 0.712 Ac (1/2 - 1.99 Acres) |
| Parking: | Attached Garage 16 Spaces |
| Building | |
|---|---|
| HVAC: | Baseboard Heaters and Fireplace |
| Exterior: | Brick Veneer and Vinyl Siding |
| Basement: | Full (Finished) |
| Utilities: | Municipal Sewage System |
| Location | |
|---|---|
| City: | Hamilton |
| Province: | Ontario |
| Nearby Amenities: | Public Transit, Schools and Shopping |
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