1489 Upper Gage Avenue, Hamilton

$14,500,000
1489 Upper Gage Avenue

$14,500,000

New
178d
Investment

1489 Upper Gage Avenue, Hamilton

Total Monthly Obligation $66,005

Beds
0
Baths
0
Park
0
DOM
178d
Property Type-Investment
MLS® Number-X13055094
Beds-0
Lot Size-197.15 ft (front)
Listed on site-Apr 28, 2026
Building Type-Investment
Taxes-$85,691.36 (2026)
Parking-None
Heating-Other
Brokerage-ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE
Cooling-Yes
Fireplace-No
Pool-None
Possession-TBD
Neighbourhood-Templemead
Title-Commercial

No agent assigned

Immaculate, corner lot, 4 story adult living building (55 + years old) is a must see. Consists of 59well maintained units, 53- one bedroom units, 5- two bedroom units and one bachelor unit. Features a large party room, with full size kitchen with high-end appliances, foyer with sitting area, ample parking, geothermal heating and cooling, beautifully landscaped. Located close to all amenities, near shopping, public transit. Many units rented to long time AAA tenants. Fully occupied.

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Closing Costs

Mortgage Amount
$11,600,000
Land Transfer Taxes$348,975
Legal Fees (Est.)
$
Total cash required for closing$3,250,475

Total Monthly Obligation

$66,005/mo
Mortgage $58,489
Monthly Loss $50,614
Principal$15,391
Interest$43,098
Property Tax$7,141
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1489 Upper Gage Avenue

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