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. (id:47421)
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Detailed Information
Bathrooms
7
Lot
66.08 x 34.58 ft
Amenities Nearby
Public Transit, Recreation
Listing Contract Date
2025-01-29
Location Description
John St S / Augusta
Property Type
Retail
Transaction Type
For sale
Zoning Description
C5
Building
Heating Type
Baseboard heaters
Type
Residential Commercial Mix
Utility Water
Municipal water
Land
Total Size
66.13 x 34.62 FT
Amenities
Public Transit, Recreation
Size of Irregular Land
66.13 x 34.62 FT
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