983 Main Street E, Hamilton, ON L8M 1N3, Hamilton, ON
Bath 18
0.18 sqft
18-suite apartment building located along Hamilton's Main Street East corridor. The property features a suite mix of 12 two-bedroom units, 4 one-bedroom units, and 2 one-bedroom-plus-den units. The asset benefits from separately metered hydro with tenants paying their own electricity and on-site laundry income. Recent capital improvements including upgrades to the boilers and roof. In-place rents are below market 15-20%. Purchasers should note that the current level of vacancy (7) may impact the availability and terms of CMHC financing until the vacant suites are leased and stabilized. 3 storey walk up frame building dating from the 1920's. $155,000 per suite and a 5.7% cap rate.
Property Highlights
For Sale
MLS NO.
X13494508
Type
Commercial
Sub Type
Investment
Bathrooms
18
Square Footage
0.18 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X13494508
Total Bathrooms
18
Security Features
No
Lot Width
70.0
Lot Size
0.18
Lot Size Units
Acres
Garage Type
None
Cooling
No
Heat Type
Gas Hot Water
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
983 Main Street E, Hamilton, ON L8M 1N3
City
Hamilton
Neighbourhood
Crown Point
County / Region
Hamilton
Province / State
ON
Postal Code
L8M 1N3
Cross Street
Main and East Bend
Directions
Main
Country
CA
List Price
$2,799,999
Annual Taxes
$41,800
Tax Year
2025
Legal Description
Plan 489, Lots 8 & 9
Possession Type
Immediate
Listing Office
COMMERCIAL FOCUS REALTY INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-06-26T16:27:05Z
Media Updated
2026-06-26T16:27:05Z
Photos Updated
2026-06-26T16:27:05Z
Last Modified
2026-06-26T16:27:05Z
System Modified
2026-06-26T16:27:06.317137Z
MLS Status
New
Basement Yn
Yes
Ddfyn
Yes
Expiration Date
2026-09-02
Heat Type Multi
Gas Hot Water
Hstapplication
Not Subject to HST
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
172270067
Parking Spaces
0
Public Remarks
18-suite apartment building located along Hamilton's Main Street East corridor. The property features a suite mix of 12 two-bedroom units, 4 one-bedroom units, and 2 one-bedroom-plus-den units. The asset benefits from separately metered hydro with tenants paying their own electricity and on-site laundry income. Recent capital improvements including upgrades to the boilers and roof. In-place rents are below market 15-20%. Purchasers should note that the current level of vacancy (7) may impact the availability and terms of CMHC financing until the vacant suites are leased and stabilized. 3 storey walk up frame building dating from the 1920's. $155,000 per suite and a 5.7% cap rate.