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Aberdeen Apartments 450-452 Aberdeen Ave 15 Unit Apartment Building $3,950,000 CAD ($263,333 CAD/Unit) 4.68% Cap Rate Hamilton, ON L8P 2S4
INVESTMENT HIGHLIGHTS
- Great conditon no cap ex needed
- 20-30% rental upside
- 11 suites have been totall updated - add basement suite
EXECUTIVE SUMMARY
Attractive and well maintained 15 suite rental investment. 11 suites totally gutted and renovated. 20-30% rental upside. Potential to add suite in the basement. Walk up building. Hot water gas heating. Tenants pay hydro. Prime Hamilton location.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $3,950,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $263,333 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 4.68% | Building Size | 8,577 SF |
| No. Units | 15 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 1.05/1,000 SF |
| Price | $3,950,000 CAD |
| Price Per Unit | $263,333 CAD |
| Sale Type | Investment |
| Cap Rate | 4.68% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 8,577 SF |
| No. Stories | 3 |
| Year Built | 1950 |
| Parking Ratio | 1.05/1,000 SF |
AMENITIES
UNIT AMENITIES
- Storage Space
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Basement
- Island Kitchen
- Large Bedrooms
- Quartz Countertops
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 15 | $1,900 CAD | 909 |
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Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (87)
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Aberdeen Apartments | 450-452 Aberdeen Ave
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