$3,297,000

26 Bowman Street

Hamilton ONTARIO, L8S 2T3

Description

Endless possibilities for this multi-unit apartment building with new TOC 1 Zoning located in high-demand area across from McMaster University and Childrens Hospital. Potential to expand the building footprint, with allowable height of 72 feet, and 127 foot frontage. Adjacent TOC 1 property with 60 ft frontage available. Permitted uses include Commercial applications with possible reduced setback requirements. Current use--Legal 7 unit, brick & concrete 3 storey apartment building with 129 K gross rents. Recent improvements to 4 apts with the prospect of increasing revenue to market rents within 12-16 mos (155K+). All units have individual electrical breaker panels, separately metered with digitally controlled electric heattenants pay heat & hydro. Parking for 7 vehicles or more. Roof-2 layer Torch Down (2006); Thermo Windows (2006); 2 Rheem 60 gal. gas direct vent water heaters (2019); hard wired smoke detectors in stairwells; common paid laundry room facilities.

Details

MLS#H4071135
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusContingent
Days On Site31

Features

SQ Feet9,838
Story(s)1

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Area Information

ProvinceOntario
CountyHamilton
CityHamilton
Postal CodeL8S 2T3
AreaHamilton
Listing VS Median (in L8S 2T3)
Price:
$3,297,000
low | high
Med:
$2,388,500
77.555368516833% of Average
SqFt:
9,838
low | high
Med:
7,153
77.297214881073% of Average
$ / SqFt:
$335
low | high
Med:
$333
50.568550586212% of Average
On Site:
31
low | high
Med:
27
100% of Average
Listing Updated: 02/28/2020
MLS Number: H4071135
Listing Provided By:
Lucy Hall  of  RE MAX Escarpment Realty Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Hamilton-Burlington.