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New · Listed Oct 20, 2026 · 8 days on market

1539-1547 Barton Street E, Hamilton, ON L8H 2X7

$2,988,000

Commercial · Investment · 25860 sq ft · For Sale

A strong opportunity to acquire a professionally managed 16-unit residential apartment property priced at a 6% cap rate; 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. 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 summary

TypeCommercial
SubtypeInvestment
Business typeApts - 13 To 20 Units
Building area25860 Square Feet
Lot size110 × 100 ft
Taxes$37,196 / yr
GarageNone
PossessionFlexible
OccupantTenant
Property
Lot width110
Lot depth100
Power & Services
Heating typeElectric Hot Water
UtilitiesYes
Zoning & Taxes
Taxes / yr$37,196
Tax year2026
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Data provided by TRREB. Listed by Corcoran Horizon Realty.

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