208 Mary Street
Hamilton, ON L8L 4V8
Price
$649,900
Building Size
3,642 sq ft
MLS# X14091280 | Listed by REAL BROKER ONTARIO LTD.
Business Details
Property Use
Apartment
Commercial Space & Financials
Taxes (Annual)
$8,375.66
Industrial Specifications
Lot Size
37.01' × 58.39'
Structure
Freestanding
Property Description
Exceptional investment and redevelopment opportunity in Hamilton's Beasley neighbourhood, just steps from the downtown core. Offering approximately 3,642 sq. ft. of total space, this legal, conforming duplex features two beautifully renovated residential suites above approximately 1,660 sq. ft. of main-floor commercial/storage space, offering strong existing income with significant future upside. The property generates approximately $54,600 in annual gross income, with both residential units tenanted and the main floor contributing an additional $1,000/month in storage income. The spacious upper suites feature quartz countertops, modern finishes and impressive open-concept living areas. For investors and developers, the main floor presents a compelling value-add opportunity: the City of Hamilton has Phase 2 of its Mid-Rise Residential Zones Project before Planning Committee, proposing to extend mid-rise residential zoning to additional properties across the urban area and permit greater residential density as-of-right. Secure an income-producing property today while positioning for potential future conversion or redevelopment in one of central Hamilton's evolving neighbourhoods. Buyer to complete their own due diligence regarding zoning, permitted uses and redevelopment potential.
Price & Status History
Price history is locked
Location
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208 Mary Street, Hamilton L8L 4V8
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Guided by Vick Yogeswaran • REALTOR®
RE/MAX Realtron Realty Inc., Brokerage
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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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