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Est. payment /mo
7 Baths
5,079 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 5,079 sqft
Subdivision Corktown
MLS Listing ID X12991108
Annual Tax Amount $12,117
Tax Year 2025
Property Sub-Type Store W Apt/Office
Lot Depth 34.62
Lot Front 66.13
Property Description
Rare opportunity to own a prime mixed-use property in the heart of Hamilton, ideally situated at the corner of John St S and Augusta St, just a 2-minute walk to the GO Station, schools, commercial towers, and a thriving residential community. This newly refurbished four-storey offers a total of 4,582 sq. ft. It includes four residential units and one commercial unit. The residential suites are spacious and full of character, including one impressive two-storey loft. The commercial unit features a fully operational kitchen, bar, and a fully licensed patio, making it ideal for continued hospitality use or a variety of business concepts. With a gross income of $175,000, a net operating income (NOI) exceeding $140,000, and annual operating expenses under $30,000, this property presents an exceptional investment opportunity. The building is fully occupied and operates independently, offering a highly passive income stream that can also be easily managed in-house if desired. Flexible ownership options allow you to purchase with the business or simply as a landlord, as one of the sellers is willing to continue operations. Don't miss this rare, turnkey investment in one of Hamilton's most sought-after locations.
Location
Province ON
County Hamilton
Area Hamilton
Zoning C5
Interior
Cooling No
Inclusions All existing appliances and chattels owned by the landlord but having to do with the business.
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 66.13
Lot Depth 34.62
Others
Security Features No
ParcelsYN No
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Listed by ROYAL LEPAGE WEST REALTY GROUP LTD.
Nearby School & Business
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