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Sunday, August 9th, 2026

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$2,799,999
Available - For Sale
Listing ID: X13494508
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.
Price $2,799,999
Taxes: $41,800
Tax Type: Annual
Assessment Year: 2026
Occupancy by: Tenant
Address: 983 Main Street East , Hamilton, L8M 1N3, Hamilton
Postal Code: L8M 1N3
Province/State: Hamilton
Legal Description: Plan 489, Lots 8 & 9
Directions/Cross Streets: Main and East Bend
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 13 To 20 Units
Building Percentage: T
Total Area: .18
Total Area Code:  Acres
Area Influences: Public Transit  
Business/Building Name: Main Street Apartments
 Management Expense: 13495
Maintenance: 0
Water Expense: $20900
Vacancy Allowance: 6093
Net Income Before Debt: $158582
Expenses Actual/Estimated: $Est
Sprinklers: No
Heat Type: Gas Hot Water
Central Air Conditioning: No
Sewers: Sanitary+Storm
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
COMMERCIAL FOCUS REALTY INC.

983 Main Street East , Hamilton, L8M 1N3, Hamilton

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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At a Glance:
Type: Com - Investment
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Crown Point
Style:
Lot Size: x 110.00(Feet)
Approximate Age:
Tax: $41,800
Maintenance Fee: $0
Beds: 0
Baths: 18
Garage: 0
Fireplace: N
Air Conditioning:
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com