Prime investment opportunity located at one of the highest-traffic corners in the city! This fully-renovated, fully-tenanted building is well-positioned for either the experienced or first-time investor. Includes 4 beautifully renovated apartments, a strong anchor commercial tenant on the ground floor, and a brand new tenancy with a strong lease in the previously-vacant commercial unit. Additional income comes from rooftop billboards. Currently priced based on a 6.3% cap rate, this property is capable of achieving a stronger cap rate with minimal effort in the short-term. In exceptional condition, this property comes with a recent, clean Phase II Environmental. Plus, there are no parking spots, balconies, or elevators to maintain or cause issues! With significant opportunity for upside as well, this is an excellent, low-maintenance investment with a strong returns and more upside to be realized!
MLS# | 40653611 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Days On Site | 43 |
Listing Provided By | Sotheby's International Realty Canada, Brokerage | Martinus Geleynse |
SQ Feet | 4,200 |
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Basement | Y |
Story(s) | 2 |
Zoning | C5a |
Province | ON |
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County | Hamilton |
City | Hamilton |
Postal Code | L8H 4S8 |
Area | 20 Hamilton Centre |
Subarea | 201 Crown Point |
Community Name | 201 Crown Point |
Listing VS Median (in 201 Crown Point) | |
Price: $1,599,000 low | high Med: $544,000 SqFt: 4,200 low | high Med: 1,700 $ / SqFt: $381 low | high Med: $320 On Site: 43 low | high Med: 37.000000 |