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$ 2,100,000
Est. payment | /mo
7 Baths
5,079 SqFt
$ 2,100,000
Est. payment | /mo
7 Baths
5,079 SqFt
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 5,079 sqft
Price per Sqft $413
Subdivision Corktown
MLS Listing ID X11945610
Annual Tax Amount $12,117
Tax Year 2024
Property Sub-Type Store W Apt/Office
Property Description
Rare opportunity to own a prime mixed-use property in the heart of Hamilton, just a 2-minute walk to the GO station, schools, commercial towers, and a thriving residential community. This newly refurbished, four-story (C5-zoned) building offers a lot size of 34.55 ft x 66.00 ft, a total area of 4,582 sq. ft., and includes four residential units and one commercial unit. With a gross income of $170,856, a net operating income (NOI) of over $155,000, and operating expenses under $12,000 per year, this is an exceptional investment opportunity. One unit is currently vacant and available for the buyers use. Flexible ownership options allow you to purchase with the business or simply become a landlord, as one of the sellers is willing to continue operations. **EXTRAS** 2 water heaters, 1 commercial and 1 residential - both rented at $40.00 per month. Fire inspection done in 2024. Clean environmental 2024, Flat roof area done in 2023.
Location
Province ON
County Hamilton
Community Corktown
Area Hamilton
Interior
Cooling No
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 66.13
Lot Depth 34.62
Others
Security Features No
Listed by ROYAL LEPAGE WEST REALTY GROUP LTD.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN