1052-1054 Barton St E - Storefront Retail/Residential FOR SALE


Hamilton, ON L8H 2V1- Hamilton Central East B
$2,395,000 CAD
866-530-7737
1052-1054 Barton St E, Hamilton, ON for Sale
$2,395,000 CAD
Storefront Retail/Residential - FOR SALE
1/3
null | 5.5% Cap Rate

1052-1054 Barton St E
Hamilton, ON L8H 2V1
Hamilton Central East B


HIGHLIGHTS

  • Turnkey mixed-use asset with eight residential units and a ground-floor commercial space.
  • High-exposure location along Barton Street East within Hamilton’s Crown Point neighbourhood.
  • Six residential units were fully renovated as part of a comprehensive energy retrofit program.

OVERVIEW

Turnkey mixed-use investment opportunity featuring 9 units, including 8 residential suites (2 x 1-bedroom, 6 x 2-bedroom) and 1 approximately 1,000 SF ground-floor commercial unit, ideally situated along the high-exposure Barton Street East corridor. Completed under CMHC's MLI Select Energy Program, the Property has undergone an extensive renovation and capital improvement program, including a new roof, updated plumbing, electrical, windows, in-suite heat pumps, a high-efficiency tankless boiler, and a restored exterior façade. As part of the energy retrofit, six of the eight residential units were completely gutted to the studs, reframed, reinsulated, drywalled, and fully renovated, representing a substantial investment. One of the remaining unrenovated units will become vacant in July, while the commercial space is currently vacant. Offered at an attractive 5.5% cap rate at the asking price. Purchaser must assume the existing first mortgage of approximately $1.87M at a 4.45% fixed interest rate with a 40-year amortization, providing highly attractive in-place financing. An exceptional opportunity to acquire a substantially upgraded, low-maintenance investment asset with stable cash flow and favourable long-term financing.

FOR SALE DETAILS

PRICE

$2,395,000 CAD

PRICE/SF

$562 CAD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,940 SF

ZONING

C5

APN/PARCEL ID

251804028601120

ASK ABOUT THIS PROPERTY

Andrew OdoardieXp RealtyMore Info
866-530-7737

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Andrew OdoardieXp RealtyMore Info
866-530-7737

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.