New Listing
8-65 Mount Albion Road,Hamilton, ON L8K 5S5
Hamilton, ON L8K 5S5
Description
An exceptional and highly versatile investment opportunity awaits in a prime Hamilton location with this unique real estate package, featuring eight contiguous condominium units on Mount Albion Road offered entirely as a single portfolio block. Identified legally under Wentworth Condominium Plan Number 302, this entire multi-unit row asset consists of units one through eight, presenting a rare chance for a savvy landlord or investor to command a significant portion of an established condominium community. Three of the units have been completely renovated and are ready for immediate occupancy or premium rental rates, while the remaining five units provide an excellent value-add proposition through personalized updates and strategic renovations. According to the structural and exclusive-use framework verified in the registered plan of survey, each individual property benefits from distinct, dedicated boundaries including built-in lower-level garage parking and assigned front and rear yard exclusive-use common elements. This portfolio delivers ultimate exit flexibility, allowing an investor to generate immediate, scalable cash flow by operating the properties as high-yield rental units under the corporation's clear tenancy guidelines, or to maximize capital gains by sequentially divesting the individual units into Hamilton's active retail resale market.
Details
| MLS # | 40872889 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1984 |
| Days On Site | 5 |
| Listing Provided By | RE/MAX Real Estate Centre Inc. | Paulo Alexandre Ribeiro |
Features
| Bed(s) | 24 |
|---|---|
| Bath(s) | 16 |
| SQ Feet | 1,068 |
| Garage | 8 |
| Basement | Y |
| Story(s) | 3 |
| Units | 8 |
| Zoning | RT-10/S-491 |
| Acreage | 0.71 |
Interior
| Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer |
|---|---|
| Interior Features | Separate Heating Controls, Separate Hydro Meters |
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Baseboard |
| Heating Yes / No | Yes |
| Laundry Features | In-Suite |
Exterior
| Exterior Features | Backs on Greenbelt, Private Entrance, Separate Hydro Meters |
|---|---|
| Lot Features | Irregular Lot, Ample Parking, Greenbelt, Highway Access, Public Transit, Schools, Shopping Nearby |
| Construction Materials | Brick Veneer, Vinyl Siding |
| Roof | Asphalt Shing |
| Patio And Porch Features | Patio |
| Security Features | Smoke Detector |
Parking
| Garage Spaces | 8 |
|---|---|
| Parking Features | Attached Garage, Asphalt |
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | Yes |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 19228.96 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8K 5S5 |
| Area | 28 Hamilton East |
| Subarea | 281 Red Hill |
| Community Name | 281 Red Hill |
| School District | Hamilton-Wentworth Catholic Dist |
| Elementary School | Hamilton-Wentworth Catholic Dist |
| High School | Hamilton-Wentworth Catholic Dist |
| Listing VS Median (in 281 Red Hill) | |
Price: $2,399,900 low | high Med: $538,500 sqft: 1,068 low | high Med: 1,093 $ / sqft: $2,247 low | high Med: $493 On site: 5 low | high Med: 76 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8K 5S5 |
| Area | 28 Hamilton East |
| Subarea | 281 Red Hill |
| Community Name | 281 Red Hill |
| School District | Hamilton-Wentworth Catholic Dist |
| Elementary School | Hamilton-Wentworth Catholic Dist |
| High School | Hamilton-Wentworth Catholic Dist |
| Listing VS Median (in 281 Red Hill) | |
Price: $2,399,900 low | high Med: $538,500 sqft: 1,068 low | high Med: 1,093 $ / sqft: $2,247 low | high Med: $493 On site: 5 low | high Med: 76 | |
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