A strong opportunity to acquire a professionally managed 16-unit residential apartment property offering an attractive combination of strong current yield, stable operations and meaningful upside. The suite mix includes 14 two-bedroom apartments and two one-bedroom apartments, with approximately 11 of the 16 units updated to varying degrees by current ownership. Several remaining suites offer further renovation potential, while a number of existing rents - including some materially below market - provide clear opportunity for income growth over time. The property is a solid, relatively low-maintenance multi-residential asset with a substantial paved parking area at the rear. It has been professionally managed for years and offers buyers a straightforward addition to an existing residential portfolio. Located in the edge of Hamilton's east end, the property is surrounded by everyday amenities including grocery, shopping, restaurants, services and transit, with convenient access to the Red Hill Valley Parkway and QEW. Offered at a current capitalization rate just under 6%, the property delivers compelling in-place income with the added benefit of CMHC financing potential and multiple avenues for long-term value creation. For investors seeking scale, strong yield and embedded rental upside in a pure residential asset, this is a particularly attractive offering.
Address
1539-1547 Barton Street E
List Price
$3,079,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Hamilton
Sub-Area
Homeside
Lot Depth
100
Lot Type
Lot
Lot Size Units
Feet
Lot Width
110
Parcel Number
172540166
Total Building Area
25860
Occupant Type
Tenant
Cross Street
Barton St. E. & Paling Ave.
MLS® Number
X13761316
Listing Brokerage
Corcoran Horizon Realty
Postal Code
L8H 2X7
Posession Details
Flexible
Tax Amount
$37,196.00
Tax Year
2026
Standard Status
Active
Board Or Association
Oakville, Milton & District Real Estate Board
Heat Type
Electric Hot Water
Cooling Features
No
Garage Type
None
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