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$ 822,000
Est. payment | /mo
2,920 SqFt
$ 822,000
Est. payment | /mo
2,920 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,920 sqft
Price per Sqft $281
Subdivision Corktown
MLS Listing ID X11999213
Annual Tax Amount $8,538
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
This high-exposure corner property offers a low-maintenance investment with strong returns. With two spacious 1-bed apartments on the upper two floors and an established restaurant on the main floor, this high-visibility, high-demand location benefits from immediate proximity to the GO Station, public transit, St. Joseph's Hospital, and multiple new residential developments. The second floor apartment is tenanted and the third floor apartment has been left vacant for the sale process; having also been recently updated with new windows. Despite all rents being below market value, this property is being offered at a 6.5% cap rate (once 2nd floor is tenanted). This is an excellent opportunity to acquire an affordable investment property in the heart of Hamilton's thriving southern downtown area!
Location
Province ON
County Hamilton
Community Corktown
Area Hamilton
Interior
Cooling Partial
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 22.75
Lot Depth 67.0
Others
Security Features No
Listed by Sotheby's International Realty Canada, Brokerage
"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