Welcome to this remarkable [] investment located in the coveted neighborhood of Crown Point. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
This property presents a standout investment opportunity with its recent premium renovations and prime location. This 3-storey property offers a balanced mix of 63 modern multifamily suites: 9 studios, 25 one-bedroom, 25 two-bedroom, 3 three-bedroom, and 1 four-bedroom unit, providing appeal to a diverse tenant base. Amenity-rich, the property features a gym, on-site parking, and a laundry facility, enhancing tenant convenience and satisfaction. With a projected Year 1 NOI of $840,982 and revenue opportunities from laundry and parking, the property is structured for robust income generation. Tenants cover both water and hydro, effectively reducing operating costs and strengthening cash flow. Nearly fully vacant, the building provides flexibility for an investor to implement a leasing program to capture top market rents. Each suite showcases premium finishes, including luxury tiled tub surrounds, stone countertops, stainless steel appliances, high-efficiency windows, individual heating and cooling, and modern pot lights throughout. 1083 Main Street East combines modern living with strong income potential, making it an ideal asset for investors targeting stability and growth in Hamilton's multifamily sector.
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No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 1083* Main Street E, Hamilton, ON L8M 1N5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
No schools found within 3 km of this property.
No current listings found in Hamilton.
Comprehensive city-wide demographics, local real estate stats, and school rankings for Crown Point, Hamilton.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.