41 Albert Street, Hamilton, ON L8M 2Y1, Hamilton, ON
Bath 12
The Westside Partners are delighted to present, on behalf of the Lender in Possession through Power of Sale, an exceptional opportunity to acquire a 13 unit condominiumized multi residential property located at 41 Albert Street in Hamilton, Ontario. The property is ideally positioned for a new investor to complete the final unit renovation and either refinance to retain it as a long term portfolio asset or finalize the condominiumization process to sell each unit individually to end users or affordable condominium investors. Proforma for each suggested exit strategy is available upon request. This 13 suite apartment building includes 11 fully renovated one bedroom apartments and one large renovated four bedroom apartment. The renovations feature new laminate flooring, modern light fixtures, stainless steel appliances, quartz countertops, and high quality finishes, creating a stylish and comfortable living space. Each unit has its own ductless split system heat pump for heating and cooling, separate hydro meters, with tenants paying for their own hydro.
Property Highlights
For Sale
MLS NO.
X11940102
Type
Residential Freehold
Sub Type
Multiplex
Bathrooms
12
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
X11940102
Total Bedrooms
0
Bedrooms Above Grade
0
Total Bathrooms
12
Total Kitchens
0
Kitchens Above Grade
0
Rooms Above Grade
0
Interior Features
None
Fireplace
Yes
Central Vacuum Yn
No
Construction
Brick
Roof
Flat
Lot Width
100.2
Parking Features
None
Parking Total
0.0
Covered Spaces
0.0
Garage Type
None
Pool
None
Direction Facing
West
Cooling
Wall Unit(s)
Heat Source
Gas
Heat Type
Heat Pump
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
41 Albert Street, Hamilton, ON L8M 2Y1
City
Hamilton
Neighbourhood
Central
County / Region
Hamilton
Province / State
ON
Postal Code
L8M 2Y1
Cross Street
Gage Ave. S. & Main St. E.
List Price
$3,500,000
Annual Taxes
$15,192
Tax Year
2024
Legal Description
See Schedule A
Possession Details
Other
Listing Office
Trilliumwest Real Estate Brokerage Ltd
Board
One Point Association of REALTORS
Original Entry
2025-01-24T21:29:25Z
Media Updated
2025-01-25T00:03:03Z
Photos Updated
2025-01-25T00:03:00Z
Last Modified
2025-03-26T05:15:52Z
System Modified
2025-10-12T08:35:11.750586Z
MLS Status
Expired
Architectural Style
3-Storey
Basement
Separate Entrance
Ddfyn
Yes
Expiration Date
2025-03-25
Foundation Details
Concrete Block, Block
Heat Source Multi
Gas
Heat Type Multi
Heat Pump
Hstapplication
Call LBO
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
182530002
Parking Spaces
0
Public Remarks
The Westside Partners are delighted to present, on behalf of the Lender in Possession through Power of Sale, an exceptional opportunity to acquire a 13 unit condominiumized multi residential property located at 41 Albert Street in Hamilton, Ontario. The property is ideally positioned for a new investor to complete the final unit renovation and either refinance to retain it as a long term portfolio asset or finalize the condominiumization process to sell each unit individually to end users or affordable condominium investors. Proforma for each suggested exit strategy is available upon request. This 13 suite apartment building includes 11 fully renovated one bedroom apartments and one large renovated four bedroom apartment. The renovations feature new laminate flooring, modern light fixtures, stainless steel appliances, quartz countertops, and high quality finishes, creating a stylish and comfortable living space. Each unit has its own ductless split system heat pump for heating and cooling, separate hydro meters, with tenants paying for their own hydro.