Surprise and worry lingered when tenants learned, this past winter, their old, downtown low-rise apartment building in Hamilton was up for sale.
“It was a complete shock,” said 76-year-old James Reynolds, who has lived in the building for over 30 years.
There were whispers of investment companies eyeing the $5.25-million property.
“We’re all working-class people and the thought of facing a big rent increase … was quite daunting,” said Emily Power, a tenant in the building.
But Power and her fellow tenants had a different idea — buying the building themselves.
The tenants have a conditional sale to purchase the 21-unit apartment at 272 Caroline St.
