Now 100% leased with an exceedingly strong 6.25% Cap rate, this is a fantastic investment property at the increasingly-desirable Barton/Sherman hub! Completely rebuilt only five years ago, this building is in excellent shape and offers very strong cashflow. The parcel is comprised of six 2 & 3 bedroom residential units plus three large commercial/retail units on excellent, long leases with great tenants, with a large paved 14-car parking lot. All units have individual meters, tankless water heaters, HVAC, and in-suite laundry. Home to the Barton St BIA and landmark Hendry's Barbershop (with recently restored iconic sign), this property is a both piece of Hamilton's history and a tremendous investment for the future. (id:40008)
MLS® Number | 40375649 |
Property Type | Other |
Amenities Near By | Public Transit |
Community Features | High Traffic Area |
Features | Southern Exposure, Visual Exposure |
Parking Space Total | 14 |
Basement Development | Partially Finished |
Basement Type | Partial (partially Finished) |
Construction Material | Wood Frame |
Cooling Type | Central Air Conditioning |
Exterior Finish | Brick, Wood |
Foundation Type | Stone |
Heating Type | Forced Air |
Stories Total | 3 |
Size Exterior | 10481.0000 |
Utility Water | Municipal Water |
Acreage | No |
Land Amenities | Public Transit |
Sewer | Sanitary Sewer |
Size Depth | 140 Ft |
Size Frontage | 59 Ft |
Zoning Description | C5 - Mixed Use Medium Density |
https://www.realtor.ca/real-estate/25302323/657-barton-street-e-hamilton
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