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Hamilton,ON L8L 6E4
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,084 sqft
Price per Sqft $472
MLS Listing ID X10440745
Annual Tax Amount $4,727
Tax Year 2024
Property Description
Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building consists of three 1-bedroom and three 2-bedroom units, each with separate hydro meters.
Key features include 4 parking spaces, coin-operated laundry, two gas furnaces, updated breaker panels, and a new commercial hot water tank. Located near Hamilton General Hospital and major developments such as the redeveloped Westinghouse HQ, this property benefits from the ongoing growth and investment in the area. Don't miss the chance to add a strong asset to your portfolio in Hamilton's thriving Gibson neighborhood.
Location
Province ON
County Hamilton
Community Gibson
Area Hamilton
Region Gibson
City Region Gibson
Rooms
Basement None
Kitchen 0
Interior
Interior Features Separate Heating Controls,Other
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 4.0
Pool None
Community Features Public Transit,Park
Utilities Available Unknown
Roof Type Asphalt Rolled
Total Parking Spaces 4
Building
Unit Features Hospital
Foundation Other
New Construction false
Others
Security Features Unknown