New ListingIncredible low-maintenance investment offered at a massive 6.8% cap rate even AFTER accounting for a vacancy allowance and repairs and maintenance! This fully-renovated, now fully-tenanted building is well-positioned for either the experienced or first-time investor. Includes 4 beautifully renovated apartments with great tenants, a fabulous new franchise QSR restaurant tenant on the ground floor, and a tenancy with a strong lease in the previously-vacant commercial unit. Additional income comes from rooftop billboards. In exceptional condition, this property comes with a recent, clean environmental. Plus, there are no parking spots, balconies, or elevators to maintain or cause issues! This is truly an exceptional opportunity for a strong, stable investment with a substantial, above-market return!
| MLS # | 40872441 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 7 |
| Listing Provided By | Corcoran Horizon Realty | Martinus Dominicus Geleynse |
| SQ Feet | 4,200 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | C5a |
| Acreage | 0.05 |
| Cooling Yes / No | No |
|---|
| Lot Features | High Traffic Area, Highway Access, Public Transit |
|---|---|
| Security Features | Carbon Monoxide Detector(s) |
| Sewer | Sewer (Municipal) |
|---|
| Tax Annual Amount | 11195 |
|---|
| Province | ON |
|---|---|
| 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: $1,598,000 low | high Med: $459,900 sqft: 4,200 low | high Med: 1,345 $ / sqft: $380 low | high Med: $342 On site: 7 low | high Med: 5 | |
| Province | ON |
|---|---|
| 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: $1,598,000 low | high Med: $459,900 sqft: 4,200 low | high Med: 1,345 $ / sqft: $380 low | high Med: $342 On site: 7 low | high Med: 5 | |