Connie Huibers - Coldwell Banker Momentum Logo
$2,799,999
( $357.11Per Sq Foot )
 $15,031 est/mo Sourced by Back At You

983 Main Street E,Hamilton, ON L8M 1N3

Hamilton, ON L8M 1N3

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Description

18-suite apartment building located along Hamilton's Main Street East corridor. The property features a suite mix of 12 two-bedroom units, 4 one-bedroom units, and 2 one-bedroom-plus-den units. The asset benefits from separately metered hydro with tenants paying their own electricity and on-site laundry income. Recent capital improvements including upgrades to the boilers and roof. In-place rents are below market 15-20%. Purchasers should note that the current level of vacancy (7) may impact the availability and terms of CMHC financing until the vacant suites are leased and stabilized. 3 storey walk up frame building dating from the 1920's. $155,000 per suite and a 5.7% cap rate.

Details

MLS #X13494508
Listing TypeFor Sale
Building NameMain Street Apartments
Sub-TypeResale
StatusSold Conditional
Year0
Days On Site68
Listing Provided ByCOMMERCIAL FOCUS REALTY INC. | X13494508 038500

Features

Bath(s)18
SQ Feet7,840
Acreage0.18

Interior

CoolingNo

Exterior

Community FeaturesPublic Transit
Security FeaturesNo

Utilities

UtilitiesYes
SewerSanitary+Storm

Taxes

Tax Annual Amount41800
Tax Assessed Value1485000
Tax TypeAnnual
Tax Legal DescriptionPlan 489, Lots 8 & 9
Tax Year2025

Area Information

ProvinceON
RegionHamilton
CityHamilton
Postal CodeL8M 1N3
AreaCrown Point
Listing VS Median (in L8M 1N3)
Price:
$2,799,999
low | high
Med:
$2,799,999
50% of Average
sqft:
7,840
low | high
Med:
7,840
50% of Average
$ / sqft:
$357
low | high
Med:
$357
50% of Average
On site:
68
low | high
Med:
68
100% of Average
Sourced by Back At You

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Additional Information

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Contact

Learn More About This Property

Connie Huibers

Connie Huibers

Momentum Realty

Real Estate Broker (905) 988-7778connie-huibers@coldwellbanker.ca
ProvinceON
RegionHamilton
CityHamilton
Postal CodeL8M 1N3
AreaCrown Point
Listing VS Median (in L8M 1N3)
Price:
$2,799,999
low | high
Med:
$2,799,999
50% of Average
sqft:
7,840
low | high
Med:
7,840
50% of Average
$ / sqft:
$357
low | high
Med:
$357
50% of Average
On site:
68
low | high
Med:
68
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $2.99M - $3.499M
sqft: 5,500 - 9,500
Nearby Listings Property ImageNearby Listings Details
41 Albert Street Property Photo 1
$2,495,000
41 Albert Street
Hamilton, ON L8M 2Y1
41 Albert Street Property Photo 1
$2,495,000
41 Albert Street
Hamilton, ON L8M 2Y1
Listing Updated: August 22, 2026 at 11:35:42 AM PDT

Connie Huibers - Coldwell Banker Momentum