22 Unit Apartment and Commercial Mix

Location: 454-468 King St. East, Hamilton, Ontario

Offered at: $919,000.00

13+2 Residential Apartments and 7 Commercial Units

Solid brick and block construction

Excellent Central location, near Downtown

Great development potential

Spacious Suites

SEPARATE HYDRO METERS

Investment Profile

• Lot size: 123.5 X 66 Ft. Irregular

• Total area: Building - 26,600 Sq.Ft.

• Location: Central Hamilton, on new LRT LINE.

• Date Built: 50 years plus

• Closest Street: East. Ave

• No. of Units: 22 (13+2 Residential, 7 Commercial)

• Fire retrofit: To be completed by Seller and will provide proof of compliance

• Hallways: Linoleum Tiles

• Windows: Some new windows

• Plumbing: All copper plumbing

• Height: 3 storey walk up and ground floor commercial

• Construction: Brick and block

• Balconies: Some

• Roof: Flat roof membrane, good condition

• Laundry Equip: 2 sets rented with Coinamatic (with option to buy out lease)

• Elevator: none

• Parking: Outdoor parking for 2 cars

• Heated by: Newer natural gas hot water boiler with WSW controller (2007)

• Hot water tank: 4 rental tanks rented (Reliance)

• Included in rent: Heat, Water

• Appliances: 15 fridges and 15 stoves

• Intercom: YES (West wing hardwired) East wing wireless chime system

• Hydro: Most tenants pay own hydro

Comments

Roof top lease just renewed contract until 2015 @ $6,000.00 per year.
Most commercial units have been renovated, as well as many residential units.
Phase 1 and Phase 2 Environmental audits have been completed. Reports are available to Buyer.

Financing

Treat as clear. Buyer to arrange own financing.