$2,650,000

70-72 Victoria Avenue S

Hamilton ONTARIO, L8W 2S7

Description

Lucrative opportunity to add value to this 15 unit building with huge potential. Nice mixture of bachelor, 1 and 2 bedrms with coin op laundry on site for additional income, over half a million recently added in upgrades. 72 tenanted, 70 units complete with hallways yet to be finished. 8 units vacant to set your own rents. Potential 7.67% capitalization rate when fully tenanted. Close proximity to the anticipated light rail transit. S/S appliances installed on 70, 2 washers 2 dryers in laundry room, sep metres. Security system, reinforced foundation, fire-rated doors, new roof, electrical from 200 to 400 amp, fireproof doors, insulation drywall, updated electrical with potlights

Details

MLS#H4068867
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site6

Features

SQ Feet7,548
Story(s)1

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Area Information

ProvinceOntario
CountyHamilton
CityHamilton
Postal CodeL8W 2S7
AreaHamilton
Listing VS Median (in L8W 2S7)
Price:
$2,650,000
low | high
Med:
$2,650,000
50% of Average
SqFt:
7,548
low | high
Med:
7,548
50% of Average
$ / SqFt:
$351
low | high
Med:
$351
50% of Average
On Site:
6
low | high
Med:
6
100% of Average
Listing Updated: 12/08/2019
MLS Number: H4068867
Listing Provided By:
Juan Jose Gutierrez Pineda  of  Re Max Professionals Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Hamilton-Burlington.