1489 Upper Gage Av - Apartments FOR SALE


Hamilton, ON L8W 1E6- Mountain A
$14,500,000 CAD
437-476-1773
1489 Upper Gage Av, Hamilton, ON for Sale
$14,500,000 CAD
Apartments - FOR SALE
1/37
null | Request Cap Rate

1489 Upper Gage Av
Hamilton, ON L8W 1E6
Mountain A


HIGHLIGHTS

  • 100% Occupied, Stabilized Investment with long-tenured tenants, providing immediate and predictable income.
  • Energy-Efficient Geothermal Heating & Cooling System, reducing operating costs and long-term capital risk.
  • Prominent Corner Lot Location on Upper Gage Avenue with strong visibility, excellent access, and ample surface parking.
  • Well-Maintained Adult-Living Asset offering attractive common areas, including a large party room with full kitchen and welcoming foyer.
  • Freehold Ownership with DE-3 / S-1009 Zoning, located in an established Hamilton Mountain residential area close to shopping, transit, and amenities.

OVERVIEW

1489 Upper Gage Avenue presents a rare opportunity to acquire a fully occupied, institutional-quality multi-residential asset on Hamilton Mountain. The property is an immaculate four-storey adult-living apartment building situated on a prominent corner lot, offering strong visibility, excellent access, and long-term stability. The building comprises 59 well-maintained rental units, predominantly one-bedroom suites, catering to stable, long-tenured tenants and consistent cash flow. Designed with durability and efficiency in mind, the property features geothermal heating and cooling, providing energy efficiency and reduced operating volatility. Common areas are well kept and include a large party room with a full commercial-style kitchen, a welcoming foyer with seating areas, and ample on-site parking. The landscaped grounds further enhance tenant retention and curb appeal.

FOR SALE DETAILS

PRICE

$14,500,000 CAD

PRICE/SF

$291 CAD /SF

# OF UNITS

59

PRICE/UNIT

$245,763

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Vista Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,760 SF

ZONING

DE-3/S-1009

APN/PARCEL ID

251806073102780

ASK ABOUT THIS PROPERTY

Lillian LemRoyal LePage Phinney Real EstateMore Info
437-476-1773

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Lillian LemRoyal LePage Phinney Real EstateMore Info
437-476-1773

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