For Sale: 1539-1547 Barton Street E, Hamilton, ON - REW
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$3,079,000
1 bd • 0 ba • 25860 sf • Multifamily
1539-1547 Barton Street E
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$3,079,000
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1539-1547 Barton Street EHamilton, ON, L8H 2X7

Homeside
  • 1 Bed
  • 0 Bath
  • 25860 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: Martinus Dominicus Geleynse, Salesperson, Corcoran Horizon Realty

Home facts and features

Price details
List Price
$3,079,000
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Gross Taxes for 2026
$37,196
Home facts
Bedrooms
1
Full Bathrooms
0
Parking Spaces
11
Parking Details
Open
Property Type
Multifamily
Depth
Frontage
110.0 feet
Title
Freehold
Exterior Finish
Brick
Heating Type
Radiant heat
Basement Details
Partially finished, Full
Community
Agent details
Primary Agent
Primary Broker
Corcoran Horizon Realty
Listing details
Days on REW
1 Day
MLS® Number
40861411
Source
Canadian Real Estate Association
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25 Years
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3.99%

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Property Insights

W H Ballard Public School
  • Public
  • JK - 8
Parkdale School
  • Public
  • JK - 5
Sir Winston Churchill Secondary School
  • Public
  • 9 - 12
Queen Mary Public School
  • Public
  • JK - 8
St. Eugene Catholic Elementary School
  • Catholic
  • JK - 8
Delta School
  • Public
  • 9 - 12
Viscount Montgomery Public School
  • Public
  • JK - 8
Hillcrest Elementary Public School
  • Public
  • JK - 8
A M Cunningham Junior Public School
  • Public
  • JK - 5
Memorial (City) School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Martinus Geleynse
Cell:
905.537.4819
Office:
647-873-3999
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