Looking for a great investment property w/ excellent cash flow? With respectful tenants w/ active leases and rental application forms. In the increasingly desirable Gibson/Stipley hub! Walking distance to Tim Hortons Field Stadium. This hands-on owner is retiring, after spending over $148,000 in improvements since 2013. So come take a look at this large 8,400 sq. ft residential/commercial apartment building. It has 8 units; 3 large 2-bedrm, 2 junior 1-bedrm, 2 bachelors apt and a 4,200 square ft commercial ground flr unit that has been leased since 2014 by only two merchants. The building improvements are as follows: Sept 2013 new 30 years+ roof w/ 20-year warr, covering materials and labour transferable to Buyer, Sept. 2013 a new 14-channel surveillance camera system, Feb. 2016 hot water tanks(owned), Sept 2016 new 400-amp service installed. Only 2 units dont have their own electrical meters but can be done easily. Oct 2014 upgraded radiator heaters w/ automatic bleeders & temperature control on and off levers. Aug 2017 installed 8 new dome skylights. Feb 2020 installed new boiler. May 2021 upgraded fire & safety retrofit including new hard wired smoke alarms, running man exit signs, new & upgraded emergency lighting, upgraded pull stations & fire extinguishers. March 2013 to 2022 new flooring in 6 units among other things. Steps to General Hospital, schools, shopping, bus route, and close to highway access. Profit & Loss available in supplements. All sizes are approx. (id:34868)
Business Type | Residential |
Business Sub Type | Residential |
MLS® Number | H4135960 |
Property Type | Multi-family |
Amenities Near By | Hospital, Public Transit, Recreation, Schools |
Community Features | Community Centre |
Equipment Type | None |
Features | Park Setting, Park/reserve, Level, Carpet Free, No Driveway, Laundry- Coin Operated |
Rental Equipment Type | None |
Appliances | Dryer, Refrigerator, Stove, Washer |
Architectural Style | 2 Level, Multi-unit |
Basement Development | Partially Finished |
Basement Type | Partial (partially Finished) |
Construction Style Attachment | Semi-detached |
Exterior Finish | Brick |
Fire Protection | Fire Alarm System, Smoke Detectors |
Foundation Type | Stone |
Heating Fuel | Natural Gas |
Heating Type | Hot Water Radiator Heat, Boiler |
Stories Total | 2 |
Size Exterior | 8400 Sqft |
Size Interior | 8400 Sqft |
Type | Multi-family |
Utility Water | Municipal Water |
No Garage |
Acreage | No |
Land Amenities | Hospital, Public Transit, Recreation, Schools |
Sewer | Municipal Sewage System |
Size Depth | 120 Ft |
Size Frontage | 35 Ft |
Size Irregular | 35.01 X 120 |
Size Total Text | 35.01 X 120 |
Soil Type | Clay |
https://www.realtor.ca/real-estate/24441300/749a-barton-street-e-hamilton
Contact us for more information
Rick Pritchard
Broker
519-381-3499
Janelle Pritchard
Sales Representative
519-381-3499
Denise Mann
Sales Representative
519-381-3499
Phillip Hallman
Broker
519-381-3499