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Home ON Greater Hamilton Hamilton Old Hamilton Red Hill
89 MOUNT ALBION ROAD
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89 MOUNT ALBION ROAD $4,700,000
$4,700,000
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89 MOUNT ALBION ROAD
Hamilton (Red Hill), Ontario L8K6C4

MLS® Number: X11903308

Listing Description

Rarely offered purpose-built legal 8-Unit investment property on a premium corner lot in the highly sought-after Red Hill area of Hamilton !! The building boasts a fantastic suite mix of 8 condo Townhomes: 4 x 2 Bedroom Townhouses & 4 x 3 Bedroom Townhouses ranging from 835 Sq.Ft. to 1035 Sq.Ft. Full Basements, Fully rented with upwards income potential!! Addresses: 89,91,93,95,97,99 & 101 on Mount Albion & 2 Cherry Hill Ave. Tenants Pay All Utilities. Separate Utility Meters. This turnkey 8-Unit Building has been well cared for with a new Roof in 2016, Windows done in 2010, All Furnaces are new & high efficiency, new Parking Lot. 12 Parking and 2 Garages. Rental Water Heaters. Gross Income of $ 220,000 with potential to rise in future. The site benefits from strong rental demand, excellent transit access, and a promising outlook for future growth in this vibrant, high-potential neighborhood. Don' t miss this exceptional investment opportunity with strong cash flow and long-term upside. (39662310)

Location Description

Mount Albion/Cherryhill

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
Red Hill
Land Size
187.9 x 124.6 FT ; Rectangular
Age Of Building
51 to 99 years
Annual Property Taxes
$12,230.20
Total Parking Spaces
14
Time on REALTOR.ca
82 days

Building

Heating & Cooling
Cooling
Partially air conditioned
Heating Type
Other (Natural gas)
Utilities
Water
Municipal water
Business
Business Type
Residential (Apartments)
Neighbourhood Features
Amenities Nearby
Public Transit
Parking
Total Parking Spaces
14

Measurements

Square Footage
1 ac

Land

Lot Features
Frontage
187 ft ,10 in
Land Depth
124 ft ,7 in
Other Property Information
Zoning Description
Multi Residential
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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