Jackson Villa | 223 Jackson St W
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Jackson Villa 223 Jackson St W
110 Unit Block of Flats For Sale Hamilton, ON L8P 4R4
Executive Summary
‘Jackson Villa Apartments’ presents a prime opportunity to acquire a 110-unit apartment building in the heart of downtown Hamilton. The Property offers 64,460 SF of rentable space across a mix of one-bedroom and two-bedroom suites.
Centrally located, the Property is in close proximity to major attractions such as trendy Locke Street, Jackson Square Shopping Mall, Hamilton Convention Centre, and City Hall, and is just a 10-minute drive to McMaster University. Excellent transit options, including nearby bus stops and the Hamilton GO Centre, ensure seamless commuting. The location also boasts nearby green spaces, cultural attractions, reputable schools, and hospitals, enhancing its appeal to families and professionals alike.
The Property is significantly below market rent, with an average rent of $1,036 compared to the average market rate of approximately $1,800, highlighting substantial potential for NOI growth with or without renovations. The Property is 98% occupied, providing a stable income stream and significant rental upside.
Centrally located, the Property is in close proximity to major attractions such as trendy Locke Street, Jackson Square Shopping Mall, Hamilton Convention Centre, and City Hall, and is just a 10-minute drive to McMaster University. Excellent transit options, including nearby bus stops and the Hamilton GO Centre, ensure seamless commuting. The location also boasts nearby green spaces, cultural attractions, reputable schools, and hospitals, enhancing its appeal to families and professionals alike.
The Property is significantly below market rent, with an average rent of $1,036 compared to the average market rate of approximately $1,800, highlighting substantial potential for NOI growth with or without renovations. The Property is 98% occupied, providing a stable income stream and significant rental upside.
Property Facts
| Sale Type | Investment | Lot Size | 0.52 AC |
| No. Units | 110 | Building Size | 89,243 SF |
| Property Type | Residential | Average Occupancy | 99% |
| Property Subtype | Apartment | Number of Floors | 11 |
| Apartment Style | Mid Rise | Year Built | 1974 |
| Building Class | C | Parking Ratio | 1.68/1,000 SF |
| Sale Type | Investment |
| No. Units | 110 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 89,243 SF |
| Average Occupancy | 99% |
| Number of Floors | 11 |
| Year Built | 1974 |
| Parking Ratio | 1.68/1,000 SF |
Unit Amenities
- Balcony
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
Site Amenities
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Pet Play Area
- Lift
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 92 | - | 480 - 550 |
| 2+1 | 18 | - | 750 - 790 |
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (82)
Bike Score ®
Very Bikeable (83)
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Jackson Villa | 223 Jackson St W
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