1083 Main Street East

Overview

1083 Main Street East presents an exceptional investment opportunity featuring 63 recently renovated modern suites in Hamilton, Ontario. The three-storey building offers a balanced mix of 9 bachelor, 25 one-bedroom, 25 two-bedroom, 3 three-bedroom, and 1 four-bedroom units.

Located at 1083 Main Street East in Hamilton, Ontario, this property offers an exceptional investment opportunity with recently completed high-end renovations and a prime location. The three-storey building features 63 modern multifamily suites: 9 bachelor, 25 one-bedroom, 25 two-bedroom, 3 three-bedroom, and 1 four-bedroom unit, attracting a diverse tenant base. With projected Year 1 NOI of $840,982 and additional revenue from laundry and parking, the property is positioned for strong income generation. Tenants are responsible for both water and electricity, reducing operating costs. Nearly fully vacant, the building offers investors the flexibility to implement a lease-up program targeting top-of-market rents. Each suite features luxury tiled tub surrounds, stone countertops, stainless steel appliances, energy-efficient windows, individual heating and cooling, and modern pot lighting throughout. Originally built in 1922 and fully renovated in 2023/2024, the building includes 16 underground and 12 courtyard parking spaces. Zoned TOC1 (Transit-Oriented Corridor, medium-density mixed-use).

Investment Highlights

• Projected Year 1 NOI of $840,982 generating immediate income
• 63 recently renovated suites with luxury finishes throughout
• Nearly fully vacant with flexibility to lease at top-of-market rents
• Tenants responsible for water and electricity, reducing operating costs
• On-site parking (16 underground + 12 courtyard) and laundry for ancillary revenue
• Zoned TOC1 (Transit-Oriented Corridor) with medium-density mixed-use potential
• Built 1922, fully renovated 2023/2024 with modern systems throughout
• Brochure available in English and French