821 Main E St, Hamilton, Ontario L8M 1L7

Great value add opportunity in this legal 12 unit building perfectly situated between the Gibson/Stipley & St.Clair neighbourhoods in lower Central Hamilton steps to the future LRT route. A perfect candidate for the CMHC MLI select energy efficiency program. The building features 6-2 bedroom,1 bathroom & 6-1 bedroom,1 bathroom units with spacious floor plans, unused updated lockers, separate hydro meters & shared coin operated laundry. Newer fire escape, roof and gas boiler. Tons of upside with rents while currently grossing $184,632 annually. $500,000 VTB available. ASSUMABLE 3.25% CMHC MORTGAGE AVAILABLE NOT MATURING UNTIL JUNE/2027! Through renovation, rent increases & additional locker income- this asset can be an anchor property in your portfolio for years to come