$3,400,000Asking Price
41 Albert Street, Hamilton, ON L8M 2Y1
Blakeley, Hamilton
We are delighted to present, on behalf of the Lender in Possession through Power of Sale, an exceptional opportunity to acquire a 13 unit condominiumized multi residential property located at 41 Albert Street in Hamilton, Ontario. The property is ideally positioned for a new investor to complete the final unit renovation and either refinance to retain it as a long term portfolio asset or finalize the condominiumization process to sell each unit individually to end users or affordable condominium investors. Proformas for each suggested exit strategy is available upon request. This 13 suite apartment building includes 11 fully renovated one bedroom apartments and one large renovated four bedroom apartment. The renovations feature new laminate flooring, modern light fixtures, stainless steel appliances, quartz countertops, and high quality finishes, creating a stylish and comfortable living space. Each unit has its own ductless split system heat pump for heating and cooling, separate hydro meters, with tenants paying for their own hydro.
We are delighted to present, on behalf of the Lender in Possession through Power of Sale, an exceptional opportunity to acquire a 13 unit condominiumized multi residential property located at 41 Albert Street in Hamilton, Ontario. The property is ideally positioned for a new investor to complete the final unit renovation and either refinance to retain it as a long term portfolio asset or finalize the condominiumization process to sell each unit individually to end users or affordable condominium investors. Proformas for each suggested exit strategy is available upon request. This 13 suite apartment building includes 11 fully renovated one bedroom apartments and one large renovated four bedroom apartment. The renovations feature new laminate flooring, modern light fixtures, stainless steel appliances, quartz countertops, and high quality finishes, creating a stylish and comfortable living space. Each unit has its own ductless split system heat pump for heating and cooling, separate hydro meters, with tenants paying for their own hydro.
See MoreKey Info
- 3-Storey Multiplex
- No Parking
- No Garage
- Gage Ave S & Main St E.
- No Ensuite Laundry
- Gas Heating
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $15,192 in 2024
- Possession: Flexible
Details
- Brick Exterior
- Fireplace
- 13 Kitchens
- Designation: Other
- MLS #X12042438
- Trilliumwest Real Estate Brokerage Ltd
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 13 4-Piece Bathrooms | |||
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Who lives here?
Blakeley, Hamilton is a west GTA neighbourhood notable for its singles, renters, salespeople and tradespeople. Residents tend to be older with a significant number of babies and adults aged 25 to 44, 25 to 44, 25 to 44 and 25 to 44.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Singles
58%
of residents are
single and loving it.
58% singles
Hamilton (46%)Renters
61%
of residents
are renters.
61% renters
Hamilton (32%)Education
19%
of residents are
university grads.
19% university grads
Hamilton (28%)Income
Average Household Income
$67K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 16% |
| Trades | 12% |
| Business | 7% |
| Government | 6% |
| Health | 5% |
Immigrants
17%
of residents were
born outside of Canada.
17% immigrants
Hamilton (25%)Birthplace - All
2.2% from Caribbean
All-time
Birthplace - Recent
0.2% from UK
Recent
Foreign Languages
Foreign Languages
| French | 3% |
| Polish | 2% |
| Spanish | 1% |
| Ukrainian | 1% |
| Portuguese | 1% |
Religions
Religions
| Christian | 69% |
| Muslim | 1% |
