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41-43 Albert St

13 Unit Block of Flats £2,042,417 (£157,109/Unit) 5.40% Net Initial Yield Hamilton, ON L8M 2Y2

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Investment Highlights

Corner Building
Parking Available

Access to Transit

Executive Summary

Welcome to 41-43 Albert Street, a 13 unit residential apartment building consisting of 12-1 bedroom apartments and 1-4 bedroom apartment of which 12 apartment units have been fully renovated and rented at market rents. Potential condo conversion as each apartment unit has a separate title. Renovations include all new laminate flooring, new light fixtures, stainless steel appliances, quartz countertops, and high end finishes throughout. Separate hydro meters for all units, Hydro paid by the tenant. Tremendous opportunity for the investor looking for the perfect Market Rent turn-key building! Municipal permit parking available. Easy access to public transit and all amenities.

Property Facts

Price	£2,042,417	Property Subtype	Apartment
Price Per Unit	£157,109	Apartment Style	Low Rise
Sale Type	Investment	Building Class	C
Net Initial Yield	5.40%	Building Size	13,338 SF
Sale Conditions	Unit Conversion	Number of Floors	3
No. Units	13	Year Built	1990
Property Type	Residential	Parking Ratio	0.29/1,000 SF

Price	£2,042,417
Price Per Unit	£157,109
Sale Type	Investment
Net Initial Yield	5.40%
Sale Conditions	Unit Conversion
No. Units	13
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Building Size	13,338 SF
Number of Floors	3
Year Built	1990
Parking Ratio	0.29/1,000 SF

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Walk Score ®

Very Walkable (85)

Bike Score ®

Very Bikeable (70)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

zoning

Zoning Code	D/S-1822
D/S-1822

Listing ID: 33907906
Date on Market: 18/03/2024
Last Updated:
Address: 41-43 Albert St, Hamilton, ON L8M 2Y2

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41-43 Albert St, Hamilton, ON for sale Primary Photo- Image 1 of 8 — Primary Photo

41-43 Albert St, Hamilton, ON for sale Building Photo- Image 2 of 8 — Building Photo

41-43 Albert St, Hamilton, ON for sale Building Photo- Image 3 of 8 — Building Photo

41-43 Albert St, Hamilton, ON for sale Building Photo- Image 4 of 8 — Building Photo

41-43 Albert St, Hamilton, ON for sale Building Photo- Image 5 of 8 — Building Photo

41-43 Albert St, Hamilton, ON for sale Building Photo- Image 6 of 8 — Building Photo

41-43 Albert St, Hamilton, ON for sale Floor Plan- Image 7 of 8 — Floor Plan

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