For Sale

89 Mount Albion Road, Hamilton, Ontario L8K 6C4

$4,700,000

89 Mount Albion Road, Hamilton, Ontario L8K 6C4 is For Sale and has a listing price of 4,700,000. The property is located in the Red Hill neighbourhood . It's been on the website for 62 Days.

  • Investment
    Property Type
  • MLS ID: X11903308
  • Office Name HOMELIFE SIGNATURE REALTY
Property Description

Rarely offered purpose-built legal 8-Unit investment property on a premium corner lot in the highly sought-after Red Hill area of Hamilton !! The building boasts a fantastic suite mix of 8 condo Townhomes: 4 x 2 Bedroom Townhouses & 4 x 3 Bedroom Townhouses ranging from 835 Sq.Ft. to 1035 Sq.Ft. Full Basements, Fully rented with upwards income potential!! Addresses: 89,91,93,95,97,99 & 101 on Mount Albion & 2 Cherry Hill Ave. Tenants Pay All Utilities. Separate Utility Meters. This turnkey 8-Unit Building has been well cared for with a new Roof in 2016, Windows done in 2010, All Furnaces are new & high efficiency, new Parking Lot. 12 Parking and 2 Garages. Rental Water Heaters. Gross Income of $ 220,000 with potential to rise in future. The site benefits from strong rental demand, excellent transit access, and a promising outlook for future growth in this vibrant, high-potential neighborhood. Don’ t miss this exceptional investment opportunity with strong cash flow and long-term upside.

Property Details
  • MLS ID: X11903308
  • Price: $4,700,000
  • Lot Depth: 124.6
  • Transaction Types: For Sale
  • Ref ID: X11903308
  • Year Built: N/A
  • Dir / Cross St: Mount Albion/Cherryhill
  • Status: Active
  • Tax Year: 2024
  • Approx Age: 51-99
  • Property Type: Investment
  • Property Type: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
01/01/2025 X11903308 $4,700,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Red Hill
  • $746,231 Average List Price
    based on 1 year
  • 9 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 2.26 % Up
  • Sold (12mo) 20
  • Rented (12mo) 5

  • 1 Month Change -4.0%
  • 3 Month Change -0.7%
  • 6 Month Change +16.0%
Walkscore
  • 51 Walk Score
    Somewhat Walkable
  • 47 Transit Score
    Some Transit
  • 38 Bike Score
    Somewhat Bikeable
Additional Details
  • Heat Type Gas Forced Air Open
  • Heating System Y
  • Garage Type Outside/surface
  • Parking Spaces: 14
  • Taxes: $12,230
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Immediate
  • Listing Entry Date: 01/01/2025 15:34:31
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