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$ 879,000
Est. payment | /mo
3 Beds
2 Baths
$ 879,000
Est. payment | /mo
3 Beds
2 Baths
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Delta
MLS Listing ID X12789996
Style 2-Storey
Bedrooms 3
Annual Tax Amount $11,075
Tax Year 2025
Property Sub-Type Store W Apt/Office
Property Description
Exceptional investment opportunity with this fully leased live/work property in a prime high-traffic area of east-end Hamilton. This freestanding high-visibility corner building features approximately 1,400 sq. ft. of commercial space on the main floor with 11ft high ceilings and an additional 1,400 sq. ft. second-floor residential apartment and a basement. Zoned C2, the property supports a wide range of commercial uses including office/retail/business uses. The main-floor retail tenant pays $2,700/month with 2 years remaining on a 5-year lease, while the upper-level 3-bedroom, 1-bath apartment has been leased for 3 years at $2,175.25/month. The basement and second garage are currently being used by the Owner and not part of the leased units. Total monthly income of $4,775 generates $57,300 annually, with Upper Level tenant willing to stay. Attached garage with storeage/loading dock access loading zone.Excellent exposure, public transit at the doorstep, ample street parking, and quick access to the Red Hill Valley Parkway and QEW make this a strong, turnkey income-producing asset.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Family Room No
Basement Full
Kitchen 2
Interior
Interior Features Auto Garage Door Remote, Water Heater
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 40.0
Lot Depth 99.0
Total Parking Spaces 2
Building
Foundation Concrete
Others
Security Features Other
ParcelsYN No
Listed by RE/MAX REAL ESTATE CENTRE INC.