1831 Main Street W
Hamilton, ON L8S 1H6
Price
$1,399,000
Building Size
6,300 sq ft
MLS# X14121000 | Listed by Real Broker Ontario Ltd.
Business Details
Property Use
Store With Apt/Office
Commercial Space & Financials
Retail Area
1,885 sq ft
Taxes (Annual)
$17,848.17
Net Operating Income
$116,435
Industrial Specifications
Parking
10 spaces (None)
Lot Size
55' × 135'
Structure
Freestanding
Property Description
Exceptional income-producing mixed-use investment opportunity in Hamilton! This approximately 6,300 sq. ft. property features six residential units alongside commercial space, offering diversified income potential. The investment analysis projects $184,640 in annual gross income, $116,435 in annual net operating income (NOI), and an 8.32% capitalization rate. Further income potential includes an estimated $1,400 per month from a proposed basement rental unit, subject to applicable approvals, as well as an agreed $500 increase to the In Bloom commercial lease upon its May 2027 renewal. The property also offers 10 parking spaces, renovated residential apartments, and additional partial renovations in the basement. Conveniently located near public transit, parks, and local amenities, this property presents an attractive opportunity for investors seeking a mixed-use asset with diversified income streams and potential for increased returns.
Price & Status History
Price history is locked
Location
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1831 Main Street W, Hamilton L8S 1H6
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Listing Courtesy of: Real Broker Ontario Ltd.
This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.
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