$2,988,000
41 Albert Street, Hamilton, ON L8M 2Y1
Blakeley, Hamilton,
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TRREB.
Presenting on behalf of the Lender in Possession through Power of Sale: an exceptional opportunity to acquire a 13-unit, condominiumized multi-residential property at 41 Albert Street in Hamilton, Ontario. This turn-key asset offers multiple exit strategies ; complete the final unit renovation and refinance as a long-term hold, or advance the condominiumization process and sell units individually to end users or affordable housing investors. The property includes 11 fully renovated one-bedroom apartments and one large four-bedroom apartment, all featuring laminate flooring, modern light fixtures, stainless steel appliances, quartz countertops, and quality finishes. Each suite is equipped with its own ductless split system for heating/cooling, separate hydro meter, and tenants pay their own hydro.
- HoldoverDays: 30
- Architectural Style: 3-Storey
- Property Type: Residential Freehold
- Property Sub Type: Multiplex
- DirectionFaces: North
- GarageType: None
- Directions: Gage Ave. S. & Main St. E.
- Tax Year: 2025
- WashroomsType1: 14
- BedroomsAboveGrade: 16
- Interior Features: None
- Basement: Apartment
- Cooling: Wall Unit(s)
- HeatSource: Electric
- HeatType: Baseboard
- ConstructionMaterials: Brick
- Roof: Asphalt Shingle
- Pool Features: None
- Sewer: Septic
- Foundation Details: Concrete, Concrete Block
- Parcel Number: 182530002
- LotSizeUnits: Feet
- LotDepth: 45.19
- LotWidth: 100.2
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