1-8-65 Mount Albion Road

Red Hill, Hamilton, ON L8K 5S5

For Sale · MLS® 40872889 · Cornerstone (ITSO) MLS®
24
Beds
16
Baths
1068
Sqft
8
Parking
Multi-6-9 Unit
Type

Description

An exceptional and highly versatile investment opportunity awaits in a prime Hamilton location with this unique real estate package, featuring eight contiguous condominium units on Mount Albion Road offered entirely as a single portfolio block. Identified legally under Wentworth Condominium Plan Number 302, this entire multi-unit row asset consists of units one through eight, presenting a rare chance for a savvy landlord or investor to command a significant portion of an established condominium community. Three of the units have been completely renovated and are ready for immediate occupancy or premium rental rates, while the remaining five units provide an excellent value-add proposition through personalized updates and strategic renovations. According to the structural and exclusive-use framework verified in the registered plan of survey, each individual property benefits from distinct, dedicated boundaries including built-in lower-level garage parking and assigned front and rear yard exclusive-use common elements. This portfolio delivers ultimate exit flexibility, allowing an investor to generate immediate, scalable cash flow by operating the properties as high-yield rental units under the corporation’s clear tenancy guidelines, or to maximize capital gains by sequentially divesting the individual units into Hamilton's active retail resale market.

01 / Property recordListing details

Key Facts

MLS® #
40872889
Board
Cornerstone (ITSO) MLS®
Days on market
Tax
$19,229
Size
1068 sqft
Lot
121.25 × 423 Acres
Parking
16 Parking

Listing History

Listing activity for 1-8-65 Mount Albion Road, Hamilton, ON

Date StartDate EndList PricePriceEventListing ID
N/AN/A$2,399,900N/ASc40872889

Property Details

Property

Property Type
Multi-6-9 Unit
Style
Other
Community
Red Hill
Municipality
Hamilton

Inside

Bedrooms
24
Bathrooms
16
Basement Type
Full, Finished

Utilities

Water
Municipal
Cooling
None
Heating Type
Baseboard

Building

Size
1068 sqft
Construction
Brick Veneer, Vinyl Siding

Parking

Driveway
Private Drive Single Wide
Garage
8
Add. Parking
8
Total Parking
16

Land

Sewer
Sewer (Municipal)
Lot Size
121.25 × 423 Acres
Lot Size Code
Acres

Additional

Year built
1984
Roof
Asphalt Shing
Extras
Dishwasher, Dryer, Refrigerator, Stove, Washer

Rooms (12)

Room 1

Level not provided

Room 2

Level not provided

Room 3

Level not provided

Room 4

Level not provided

Room 5

Level not provided

Room 6

Level not provided

Room 7

Level not provided

Room 8

Level not provided

Room 9

Level not provided

Room 10

Level not provided

Room 11

Level not provided

Room 12

Level not provided

Location

02 / Plan your numbersTools

Mortgage Tools

Mortgage calculator

20%

Monthly Payment

$11,002

  • Down payment$479,980
  • Mortgage amount$1,919,920
  • Total interest$1,380,680
  • Total cost$3,780,580

Cash flow analysis

$11,002

Total monthly payment

$12,604

Break-even down payment

100%

Cash flow-$12,604
03 / Community profileNeighbourhood demographics

Expand Neighbourhood demographics to load Statistics Canada census charts.

$2,399,900

$2,399,900

CAD

Estimate unavailable

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