Hamilton
Property Type: Existing 60-Unit Mid-Rise Apartment Building
Project Overview
This 60-unit apartment building is undergoing a comprehensive cosmetic renovation, aimed at revitalizing aging suites and attracting a more stable, professional tenant base. Given its prime location directly across from St. Joseph’s Healthcare Hamilton, our team identified a key demographic: front-line healthcare workers seeking well-appointed, move-in-ready rental units close to work.
To meet this need, we initiated a full interior upgrade of all 60 units, including brand-new kitchens and the addition of in-suite stackable washer/dryers—a rare but in-demand feature that enhances tenant convenience and rental appeal.
Scope & Strategy
- Full cosmetic renovation of all 60 suites: modern kitchens, updated bathrooms and lighting, new flooring and paint throughout.
- Installed in-suite stackable washer/dryers to eliminate reliance on shared laundry rooms.
- Renovation strategy tailored to attract healthcare professionals and long-term renters.
Challenges Solved
- Refreshed an aging rental asset in a high-visibility healthcare corridor.
- Future-proofed the building by adding in-unit amenities that meet today’s tenant expectations.
- Improved rentability without structural changes or additions.
Investor Benefits
- Increased unit desirability, reducing vacancy and tenant turnover.
- Higher rental rates achievable due to modern finishes and in-suite laundry.
- Positioned as a preferred rental option for local hospital staff and professionals.
Current Status
Interior renovations underway. Several upgraded units already tenant-ready.
Apartment Renovation, Mid-Rise Upgrade, In-Suite Laundry Retrofit
