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983 Main Street E
Crown Point Hamilton L8M 1N3

$2,799,999 /For Sale
Commercial

Main Photo: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 1: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 2: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 3: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 4: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 5: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 6: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 7: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 8: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
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Photo 10: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 11: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 12: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 13: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 14: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 15: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 16: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 17: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 18: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 19: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 20: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 21: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 22: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Photo 23: 983 Main Street E in Hamilton: Crown Point Commercial for sale : MLS®# X13494508
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13494508
Bus Major:
Apts - 13 To 20 Units
18-suite apartment building located along Hamilton's Main Street East corridor. The property features a suite mix of 12 two-bedroom units, 4 one-bedroom units, and 2 one-bedroom-plus-den units. The asset benefits from separately metered hydro with tenants paying their own electricity and on-site laundry income. Recent capital improvements including upgrades to the boilers and roof. In-place rents are below market 15-20%. Purchasers should note that the current level of vacancy (7) may impact the availability and terms of CMHC financing until the vacant suites are leased and stabilized. 3 storey walk up frame building dating from the 1920's. $155,000 per suite and a 5.7% cap rate.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
7841 sq. ft. Acres
Total Area:
7,840.8 sq. ft.
Lot Depth:
110'
Lot Frontage:
70'
Bathrooms:
18.0
Water supply:
Municipal
Zoning:
E
Heating type:
Gas Hot Water
Garage:
None
Parking Spaces:
0
HST Applicable To Sale Price:
Not Subject to HST
Assessment:
$1,485,000
Assessment Year:
2026
Type Taxes:
Annual
Taxes:
$41,800 / 2025
Assessment:
$1,485,000.00 / 2026
Hamilton
Hamilton
Crown Point
Public Transit
No
None
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Sewers:
Sanitary+Storm
Air Conditioning:
No
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Gross income:
$304,655
Net Income Before Debt:
$158,582
Expenses Actual/Estimated:
Estimated
Heating Expenses:
$27,600
Hydro Expenses:
$4,685
Insurance Expenses:
$8,100
Management Expenses:
$13,495
Tax Expenses:
$41,800
Operating Expenses:
$139,998
Other Expenses:
$9,000
Water Expenses:
$20,900
Year Expenses:
2026
Maintenace Expenses:
$14,400
Vacancy Allowance:
6093
Business/Building Name:
Main Street Apartments
Major Business Type:
Apts - 13 To 20 Units
Category:
Apartment
Date Listed:
Jun 26, 2026
Original Price:
Previous Price:
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Listed by COMMERCIAL FOCUS REALTY INC.
Data was last updated June 27, 2026 at 11:15 PM (UTC)
DARYL  KING
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