$3,600,000

Bed, 12 Bath, 3-Storey home is located near Gage Ave. S. & Main St. E. in Central.

The Westside Partners are delighted to present, on behalf of the Lender in Possession through Power of Sale, an exceptional opportunity to acquire a 13 unit condominiumized multi residential property located at 41 Albert Street in Hamilton, Ontario. The property is ideally positioned for a new investor to complete the final unit renovation and either refinance to retain it as a long term portfolio asset or finalize the condominiumization process to sell each unit individually to end users or affordable condominium investors. Proforma for each suggested exit strategy is available upon request. This 13 suite apartment building includes 11 fully renovated one bedroom apartments and one large renovated four bedroom apartment. The renovations feature new laminate flooring, modern light fixtures, stainless steel appliances, quartz countertops, and high quality finishes, creating a stylish and comfortable living space. Each unit has its own ductless split system heat pump for heating and cooling, separate hydro meters, with tenants paying for their own hydro.

41 Albert St, Hamilton is a bedroom, 12 bathroom residential 3-Storey multiplex home. 41 Albert St, Hamilton is conveniently located in the Central neighbourhood of Hamilton Ontario. 41 Albert St, Hamilton is an MLS®-Listed home with an asking price of $3,600,000. This residential property has been listed on ctfrealty.com for 1 days. The home is 51-99 years old. Based on the Listing Price of 41 Albert St, Hamilton, the estimated monthly mortgage payment would be $17,395. This Mortgage payment is calculated on a 5 year fixed mortgage with 25 year amortization and an interest rate of 5.39% with a down payment of 20%. The Annual property taxes for 41 Albert St, Hamilton are approximately $15,192/year based on 2024 assessment.

This 3-Storey multiplex home located at 41 Albert St, Hamilton features a Brick exterior. The lot size of this West facing property is 100.2 x 45.19 feet. The home has Gas fueled Heat Pump heating.