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1539-1547 Barton Street E
Homeside Hamilton L8H 2X7

$3,079,000 /For Sale
Commercial

Main Photo: 1539-1547 Barton Street E in Hamilton: Homeside Commercial for sale : MLS®# X13761316
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13761316
Bus Major:
Apts - 13 To 20 Units
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.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
25860 sq. ft. Square Feet
Total Area:
25,860 sq. ft.
Lot Depth:
100'
Lot Frontage:
110'
Water supply:
Municipal
Zoning:
R4 - Midrise Residential
Heating type:
Electric Hot Water
Garage:
None
Possession Details:
Flexible
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$37,196 / 2026
Assessment:
$- / -
Hamilton
Hamilton
Homeside
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Financial Statements:
Yes
Major Business Type:
Apts - 13 To 20 Units
Category:
Apartment
Date Listed:
Sep 09, 2026
Original Price:
Previous Price:
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Listed by Corcoran Horizon Realty
Data was last updated September 10, 2026 at 07:15 PM (UTC)
DARYL  KING
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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.