1052 Barton Street E Hamilton, Ontario L8L 3E5
$2,395,000
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. (id:47351)
Property Details
| MLS® Number | X13474682 |
| Property Type | Multi-family |
| Community Name | Crown Point |
Building
| Appliances | Dryer, Washer |
| Cooling Type | Partially Air Conditioned, Fully Air Conditioned |
| Heating Type | Other |
| Size Exterior | 3703 Sqft |
| Size Interior | 3,703 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 100 Ft ,2 In |
| Size Frontage | 37 Ft |
| Size Irregular | Bldg=37.08 X 100.2 Ft |
| Size Total Text | Bldg=37.08 X 100.2 Ft |
| Zoning Description | C5 |
https://www.realtor.ca/real-estate/29937098/1052-barton-street-e-hamilton-crown-point-crown-point
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June 22 2026 11:15:27
Toronto Regional Real Estate Board