Glen Valley Apartments | 420 Greenhill Ave
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Glen Valley Apartments 420 Greenhill Ave
89 Unit Apartment Building For Sale Hamilton, ON L8K 6E7
Executive Summary
'Glen Valley Apartments’ offers an attractive investment in a desirable neighborhood along a ravine near the Glendale Golf Club. This 87- unit apartment building is on the edge of the Vincent and Red Hill neighborhoods, just east of the Red Hill Valley Parkway.
The Property provides residents with a serene living environment, modern and spacious suites, and proximity to King’s Forest and King’s Forest Golf Club. Convenient public transit options are available, with bus stops connecting to the Hamilton Street Railway nearby, and it is only a 15-minute drive from the Hamilton GO Centre. Additionally, residents have access to Eastgate Square Mall, just an 8-minute drive away.
The Property boasts a high occupancy rate of 99%, with 86 of the 87 units rented, and significant rent growth potential. The current average rent is $1,185, while the average market rent is $1,856, indicating a 56% potential increase in rental income.
The Property provides residents with a serene living environment, modern and spacious suites, and proximity to King’s Forest and King’s Forest Golf Club. Convenient public transit options are available, with bus stops connecting to the Hamilton Street Railway nearby, and it is only a 15-minute drive from the Hamilton GO Centre. Additionally, residents have access to Eastgate Square Mall, just an 8-minute drive away.
The Property boasts a high occupancy rate of 99%, with 86 of the 87 units rented, and significant rent growth potential. The current average rent is $1,185, while the average market rent is $1,856, indicating a 56% potential increase in rental income.
Property Facts
| Sale Type | Investment | Lot Size | 1.42 AC |
| No. Units | 89 | Building Size | 89,606 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 9 |
| Apartment Style | Mid Rise | Year Built | 1974 |
| Building Class | C | Parking Ratio | 0.56/1,000 SF |
| Sale Type | Investment |
| No. Units | 89 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 1.42 AC |
| Building Size | 89,606 SF |
| Average Occupancy | 98% |
| No. Stories | 9 |
| Year Built | 1974 |
| Parking Ratio | 0.56/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Patio
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Storage Space
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 700 - 750 |
| 2+1 | 72 | - | 800 |
| 3+1 | 8 | - | 960 |
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Glen Valley Apartments | 420 Greenhill Ave
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