41 Albert Street, Hamilton, ON L8M 2Y1, Hamilton, ON
Bed 16
Bath 13
We 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. Proformas 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.
X12042438
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
16
Bathrooms
13
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
X12042438
Total Bedrooms
16
Bedrooms Above Grade
16
Total Bathrooms
13
Total Kitchens
13
Kitchens Above Grade
13
Rooms Above Grade
72
Interior Features
None
Fireplace
Yes
Central Vacuum Yn
No
Construction
Brick
Roof
Flat
Lot Width
100.2
Parking Total
0.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
West
Cooling
Window Unit(s)
Heat Source
Gas
Heat Type
Other
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
41 Albert Street, Hamilton, ON L8M 2Y1
City
Hamilton
Neighbourhood
Blakeley
County / Region
Hamilton
Province / State
ON
Postal Code
L8M 2Y1
Cross Street
Gage Ave S & Main St E.
Directions
Gage Ave S & Main St E.
List Price
$3,400,000
Annual Taxes
$15,192
Tax Year
2024
Legal Description
See Schedule A
Possession Type
Flexible
Possession Details
Flexible
Listing Office
Trilliumwest Real Estate Brokerage Ltd
Board
One Point Association of REALTORS
Original Entry
2025-03-26T14:16:56Z
Media Updated
2025-03-26T14:16:56Z
Photos Updated
2025-03-26T14:16:56Z
Last Modified
2025-05-25T05:15:33Z
System Modified
2025-10-12T09:14:14.592254Z
MLS Status
Expired
Architectural Style
3-Storey
Basement
Separate Entrance
Ddfyn
Yes
Expiration Date
2025-05-24
Foundation Details
Concrete Block
Heat Source Multi
Gas
Heat Type Multi
Other
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
182530002
Parking Spaces
0
Public Remarks
We 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. Proformas 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.