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Beth Tallach
905-807-8994
btallach@gmail.com
Keller Williams Complete Realty
1044 Cannon St E
Hamilton, ON
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- X13494508
- Bus Major:
- Apts - 13 To 20 Units
- Photos (23)
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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.
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Total Area:
- 7841 sq. ft. Acres
- Total Area:
- 7,840.8 sq. ft.
- Lot Depth:
- 110'
- Lot Frontage:
- 70'
- Bathrooms:
- 18.0
- Water supply:
- Municipal
- Zoning:
- E
- Heating type:
- Gas Hot Water
- Garage:
- None
- Parking Spaces:
- 0
- HST Applicable To Sale Price:
- Not Subject to HST
- Assessment:
- $1,485,000
- Assessment Year:
- 2026
- Type Taxes:
- Annual
- Taxes:
- $41,800 / 2025
- Assessment:
- $1,485,000.00 / 2026
- Hamilton
- Hamilton
- Crown Point
- Public Transit
- No
- None
- Utilities:
- Yes
- Energy Certification:
- No
- Green Property Information Statement:
- No
- Sewers:
- Sanitary+Storm
- Air Conditioning:
- No
- Seller Property Info Statement:
- No
- Physically Handicapped-Equipped:
- No
- Gross income:
- $304,655
- Net Income Before Debt:
- $158,582
- Expenses Actual/Estimated:
- Estimated
- Heating Expenses:
- $27,600
- Hydro Expenses:
- $4,685
- Insurance Expenses:
- $8,100
- Management Expenses:
- $13,495
- Tax Expenses:
- $41,800
- Operating Expenses:
- $139,998
- Other Expenses:
- $9,000
- Water Expenses:
- $20,900
- Year Expenses:
- 2026
- Maintenace Expenses:
- $14,400
- Vacancy Allowance:
- 6093
- Business/Building Name:
- Main Street Apartments
- Major Business Type:
- Apts - 13 To 20 Units
- Category:
- Apartment
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Listed by COMMERCIAL FOCUS REALTY INC.
Data was last updated June 28, 2026 at 09:15 PM (UTC)
- BETH TALLACH
- TALLACH REALTY EXPERTS
- 1 (905) 8078994
- Contact by Email
Keller Williams Complete Realty
Office Address:
1044 Cannon St E
Hamilton, ON, L8L 2H7