675-681 Barton Street E Hamilton, Ontario L8H 2W1

$2,489,000

Extensively upgraded, this 2.5-storey mixed-use building offers a rare opportunity to acquire a stabilized asset with strong in-place income and long-term upside. The property comprises 8 renovated residential units (42-bedroom and 41-bedroom) above 3 ground-floor commercial spaces, all occupied by established tenants. Two commercial leases have just begun new 5-year terms, providing secure income through 2031. The current owner has completed a comprehensive renovation program, including full updates to all residential units in 2022, along with significant improvements to the building's systems and exterior. Windows and heat pumps were replaced in 2022, electrical has been substantially upgraded, and all three commercial units have been fully rebuilt within the past year, creating modern, attractive spaces for long-term tenancy. The desirable residential units feature in-suite laundry and efficient ductless HVAC for heating and air conditioning, offering a high-quality tenant experience. Purposefully configured for ease of ownership, the building requires minimal ongoing maintenance, with no parking, exterior grounds, balconies, or elevators to manage. All utilities are tenant-paid, further simplifying operations. Located at the east end of Barton Village, a corridor gaining renewed energy and investment, the property benefits from strong connectivity and convenient highway access-supporting continued tenant demand and long-term growth. (id:61852)

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https://www.realtor.ca/real-estate/29678137/675-681-barton-street-e-hamilton-stipley-stipley