233 Victoria Av N
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233 Victoria Av N
6 Unit Block of Flats £849,535 (£141,589/Unit) 5.50% Net Initial Yield Hamilton, ON L8L 5G3
Investment Highlights
- Renovated in the last 3 years
- Proximity to public transit
- Laundry is coin operated
Executive Summary
Lucrative investment opportunity at 233 Victoria Ave N. This is a LEGAL, turn key 6 unit apartment building. This property underwent extensive renovations within the last 2-3 years including kitchens, bathrooms, flooring and MORE. This property features a suite mix of 4 x 1-bedrooms, and 2 x 2-bedrooms, that are currently tenanted with AAA young professionals. Laundry is coin operated in the basement of the building. This property also features an ASSUMABLE CMHC MORTGAGE with an interest rate of 4.32%, maturing in 2028 with a cap rate of 5.5%-5.75%.
Property Facts
| Price | £849,535 | Apartment Style | Low Rise |
| Price Per Unit | £141,589 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Net Initial Yield | 5.50% | Building Size | 3,777 SF |
| No. Units | 6 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.79/1,000 SF |
| Price | £849,535 |
| Price Per Unit | £141,589 |
| Sale Type | Investment |
| Net Initial Yield | 5.50% |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,777 SF |
| Number of Floors | 2 |
| Year Built | 1900 |
| Parking Ratio | 0.79/1,000 SF |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Rubbish Collection - Kerbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+2 | 2 | - | - |
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Walk Score ®
Walker's Paradise (93)
Transit Score ®
Excellent Transit (70)
Bike Score ®
Very Bikeable (86)
zoning
| Zoning Code | D |
| D |
Contact
-
Adrian Pannozzo - Executive Properties Inc.
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Executive Properties Inc.
233 Victoria Av N
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