ON > Hamilton
Hamilton, ON L8M 1P2,1123 Main ST E
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Hamilton, ON L8M 1P2,1123 Main ST E
Hamilton, ON L8M 1P2,1123 Main ST E
Hamilton, ON L8M 1P2,1123 Main ST E
Hamilton, ON L8M 1P2,1123 Main ST E
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 1,599,000
Est. payment /mo
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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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1123 Main ST E