$3,199,000Asking Price
41 Albert Street, Hamilton, ON L8M 2Y1
Blakeley, Hamilton
Presenting on behalf of the Lender in Possession through Power of Sale: an exceptional opportunity to acquire a 13-unit, condominiumized multi- residential property at 41 Albert Street in Hamilton, Ontario. This turn-key asset offers multiple exit strategies ; complete the final unit renovation and refinance as a long-term hold, or advance the condominiumization process and sell units individually to end users or affordable housing investors. Proformas for each strategy available upon request. The property includes 11 fully renovated one-bedroom apartments and one large four-bedroom apartment, all featuring laminate flooring, modern light fixtures, stainless steel appliances, quartz countertops, and quality finishes. Each suite is equipped with its own ductless split system for heating/cooling, separate hydro meter, and tenants pay their own hydro
Presenting on behalf of the Lender in Possession through Power of Sale: an exceptional opportunity to acquire a 13-unit, condominiumized multi- residential property at 41 Albert Street in Hamilton, Ontario. This turn-key asset offers multiple exit strategies ; complete the final unit renovation and refinance as a long-term hold, or advance the condominiumization process and sell units individually to end users or affordable housing investors. Proformas for each strategy available upon request. The property includes 11 fully renovated one-bedroom apartments and one large four-bedroom apartment, all featuring laminate flooring, modern light fixtures, stainless steel appliances, quartz countertops, and quality finishes. Each suite is equipped with its own ductless split system for heating/cooling, separate hydro meter, and tenants pay their own hydro
See MoreKey Info
- 3-Storey Multiplex
- No Parking
- No Garage
- Gage Ave. S. & Main St. E.
- 5000 + Approximate Sq Feet
- No Ensuite Laundry
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 #X12375395
- Trilliumwest Real Estate Brokerage Ltd
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 14 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% |
