InterRent Real Estate Investment Trust is pleased to announce the acquisition of Lakeview Apartments, a 74 suite mid-rise apartment located at 3 East 37th Street, in Hamilton, Ontario.
The building is situated in the Mountain Area of Hamilton, on the edge of the Niagara Escarpment, overlooking the City of Hamilton and Lake Ontario. This 1.2 acre property is located in the neighbourhood of Raleigh, a desirable residential rental area, and is a short 10 minute drive from downtown Hamilton. The building is located a block away from Concession Street, which features numerous nearby amenities including shopping, restaurants, public transportation, and entertainment. Additionally, the property is within 800 metres of the Juravinski Hospital and Cancer Center and directly adjacent to Mountain Drive Park.
This well-maintained property consists of 6 bachelor, 26 one-bedroom, and 42 two-bedroom suites.
“We are pleased to announce another acquisition in the Hamilton area, a market that has shown consistent success for the REIT. We look forward to capitalizing on the operational efficiencies created due to its proximity to our existing property and the continued growth in the market in order realize the full value of this property for our Unitholders,” said Mike McGahan, CEO.
To learn more about our Hamilton apartments for rent, click here.