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$2,499,000
Est. payment /mo
11,696 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed,Building Only
Listing Status Active
Purchase Type For Sale
Square Footage 11,696 sqft
Price per Sqft $213
MLS Listing ID 40705746
Abv Grd Liv Area 11,696
Originating Board Mississauga
Annual Tax Amount $18,600
Property Sub-Type Mixed,Building Only
Lot Depth 80.0
Lot Front 72.0
Property Description
Exceptional Investment Opportunity! This property consists of 6 recently renovated residential units and 4 commercial units. The residential units were completely gutted and rebuilt in 2019 with no expense spared, featuring new windows, doors, flooring, countertops, appliances, bathrooms, kitchens and independent HVAC systems for each unit. The property consists of a three-story building with an approximate total area of 11,696 square feet. The commercial portion of the building comprises approximately 4,406 square feet of leasable space, spread across four street-front commercial units, each including basement space. The residential portion of the building accounts for around 7,290 square feet of gross area. With the upcoming construction of the new LRT route running directly along King St. E. and on-site parking, this location is set for even greater potential. All tenants cover their own hydro and gas expenses. A highly profitable investment, with dropping interest rates this is your chance to acquire 10 doors in one GO and start cash flowing. Current NOI of approximately $130k. A highly profitable investment, with dropping interest rates this is your chance to acquire 10 doors in one transaction and start cash flowing. This LEGAL, turnkey 10-unit building has undergone significant renovations in the past 4 years, including upgrades to kitchens, bathrooms, flooring, and more. The property features 4 commercial units and 6 residential units, 5 three-bedroom units and 1 two-bedroom unit. The building also offers coin-operated laundry facilities on the main floor, for servicing residential units.
Location
Province ON
County Hamilton
Area 20 - Hamilton Centre
Zoning TOC3
Direction KING ST AND HOLTAN AVE N
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 72.0
Lot Depth 80.0
Garage No
Building
Lot Description Public Transit
Faces KING ST AND HOLTAN AVE N
Story 3
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 3
New Construction No
Others
Senior Community false
Tax ID 171980194
Ownership Freehold/None
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Listed by IPRO REALTY LTD.