172 Markland St
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172 Markland St
6 Unit Apartment Building $1,800,000 CAD ($300,000 CAD/Unit) 7.04% Cap Rate Hamilton, ON L8P 2K5
Investment Highlights
- Proximity to public transit
- Corner lot
- New windows, boiler, upgraded stairs, resurfaced porch and many more upgrades
Executive Summary
Are you looking for a robust investment opportunity with versatility to match your portfolio needs? Consider this exceptional property. This well-maintained asset has been recently updated with new windows, boiler, upgraded stairs and decking, fresh paint, landscaping, resurfaced front porches, and reconfigured parking. It also includes a fully insulated 12’x15’ accessory dwelling unit (ADU) equipped with hydro, with water/plumbing permits on the way and expected to be finalized before closing. The property has potential for heritage designation, appealing to those with an interest in preserving character real estate. Additionally, it offers an option to be restored to a side-by-side executive duplex, blending seamlessly with the distinguished homes in this affluent neighborhood. Currently generating a gross income of $126,780 across its six units, this property has appreciated significantly—purchased at $1.52M and now appraised at over $1.9M. It also qualifies for an MLI Select mortgage, making it an appealing addition to your investment strategy. Full financials available upon request.
Property Facts
| Price | $1,800,000 CAD | Apartment Style | Low Rise |
| Price Per Unit | $300,000 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.04% | Building Size | 3,911 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment |
| Price | $1,800,000 CAD |
| Price Per Unit | $300,000 CAD |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,911 SF |
| No. Stories | 2 |
| Year Built | 1910 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
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Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (76)
Bike Score ®
Very Bikeable (85)
zoning
| Zoning Code | D |
| D |
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172 Markland St
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