341 Barton Street

The offering presents the opportunity to acquire a 100% freehold interest in 341 Barton Street East, Hamilton, Ontario (the "Property" or the "Site"). The property presents investors with the opportunity to acquire a 32-unit, circa 1911 mixed-use apartment building in Hamilton's Landsdale neighbourhood, paired with five commercail units fronting Barton Street East and grade-level garage space offering infill potential - a combination of dual-stream in-place income and additional density in one of Ontario's fastest-growing secondary markets. The property is a four-storey mixed-use building offering 32 residential suites comprised of 26 one-bedrooms and six two-bedrooms, averaging 425 sf and 639 sf respectively, with an average in-place rent of 1,281 per month. The five commercial units total 4,818 leaseable square feet, are secured under leases expiring between 2028 and 2031 with no maturity within twenty-four months of closing, and contribute approximately 18% of total potential gross revenue. The Property sits immediately adjacent to Hamilton General Hospital, a level 1 trauma and cardiac centre and one of the region's largest employers, generating consistent round the clock rental demand from medical and support staff, within a lower city catchment where 62.9% of households rent. 341 Barton Street East Property Specific Details. Land Area: 9,838.20 sf (0.23 acres) - Pin: 171870085 - Suites: 32 (26 one bed, 6 two bed) - GLA: Approx. 14,894 sf residendial / 4,818 sf commercial - Parking: 5 spaces - Zoning: C5a - Mixed-use Medium High Density Residential - Infill Potential: 2 additional one-bedroom suites within existing footprint - NOI: $403,640