601* Barton Street E, Hamilton

$6,500,000
601* Barton Street E

$6,500,000

New
23d
Investment

601* Barton Street E, Hamilton

Total Monthly Obligation $26,594

Beds
0
Baths
0
Park
0
DOM
23d
Property Type-Investment
MLS® Number-X13842442
Beds-0
Lot Size-139.89 × 268.73 ft
Listed on site-Sep 30, 2026
Building Type-Investment
Parking-Outside/Surface
Heating-Other
Brokerage-CBRE LIMITED
Cooling-No
Fireplace-No
Pool-None
Sewer-Sanitary+Storm
Possession-Immediate
Neighbourhood-Gibson
Title-Commercial

No agent assigned

The Gibson School, a unique residential conversion project located at601 Barton Street East, Hamilton. The Gibson School is a Property of Cultural Heritage value with the main portion of the building being constructed in 1914 and operating as a school until 2009. There was an addition made to southern portion of the building in 1963 with the construction of a gymnasium and an administrative wing. The building contains a gross floor area of + 37,100 sq. ft. with a basement containing an additional 15,900 sq. ft. situated on 1.22 acres of land. The site was planned as a conversion project where the existing school would be converted into 47 loft-style units ranging in size from500 sq. ft. to 1,400 sq. ft. consisting of studio, one-bedroom, two bedroom, and live/work or townhouse style units. The project was planned to incorporate the existing historical elements of the school including the original floors and brick walls throughout the building. Parking for the Project was planned be provided at-grade through the conversion of the existing school yard and a new parking lot at the south west corner of the Site. Within the originally proposed site plan, the existing school yard was planned to contain 35 parking spaces, and an additional 5 spaces would be provided by a new parking lot on site.

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Closing Costs

Mortgage Amount
$5,200,000
Land Transfer Taxes$148,975
Legal Fees (Est.)
$
Total cash required for closing$1,450,475

Total Monthly Obligation

$26,594/mo
Mortgage $26,219
Monthly Loss $19,695
Principal$6,900
Interest$19,320
Home Insurance$125
Variable Costs$250

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

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