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$ 1,599,000
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Active
1123 Main ST E Hamilton, ON L8M 1P2
5,750 SqFt
UPDATED:
10/25/2024 07:21 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,750 sqft
Price per Sqft $278
MLS Listing ID X9511806
Annual Tax Amount $12,056
Tax Year 2024
Property Description
This Rare Mixed-Use, Multi-Unit Property At 1123 Main St East Offers An Exceptional Investment Opportunity In One Of Hamilton's Busiest Areas. Featuring Four Residential Units (Two 2-Bedroom And Two 3-Bedroom), Alongside A Long-Standing Retail Tenant, This Fully Tenanted Building Promises A Strong And Stable Income Stream. Recent Upgrades And Meticulous Maintenance Make This A Low-Hassle Investment, While Its Proximity To McMaster University And Mohawk College Ensures Steady Demand From A Wide Tenant Pool. With A Cap Rate Nearing 8%, This Property Stands Out As A High-Yield Asset, With Significant Potential To Increase Income By Adding More Units Or Enhancing Existing Spaces. This Is An Unparalleled Opportunity To Secure A Property That Combines Immediate Income Potential With Room For Long-Term Growth.
Location
Province ON
County Hamilton
Community Crown Point
Area Hamilton
Region Crown Point
City Region Crown Point
Interior
Heating Yes
Cooling No
Exterior
Community Features Public Transit
Utilities Available Yes
Listed by CENTURY 21 BEST SELLERS LTD.
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