1123 Main Street East, Hamilton | Image 1

1123 Main Street East

Hamilton, Crown Point

  • Commercial

$1,599,000
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: H-Toc1

  • Age: No Data

  • Taxes: 12056

  • MLS®#: X9511806

  • Added: Oct 25, 2024 (1 month ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: CENTURY 21 BEST SELLERS LTD.

This Rare Mixed-Use, Multi-Unit Property At 1123 Main St East Offers An Exceptional Investment Opportunity In One Of Hamilton's Busiest Areas. Featuring Four Residential Units (Two 2-Bedroom And Two 3-Bedroom), Alongside A Long-Standing Retail Tenant, This Fully Tenanted Building Promises A Strong And Stable Income Stream. Recent Upgrades And Meticulous Maintenance Make This A Low-Hassle Investment, While Its Proximity To McMaster University And Mohawk College Ensures Steady Demand From A Wide Tenant Pool. With A Cap Rate Nearing 8%, This Property Stands Out As A High-Yield Asset, With Significant Potential To Increase Income By Adding More Units Or Enhancing Existing Spaces. This Is An Unparalleled Opportunity To Secure A Property That Combines Immediate Income Potential With Room For Long-Term Growth.

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Hamilton

  • Community: Crown Point

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Radiant

  • UFFI: No

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Taxes: $12,056

  • Taxes Type: Annual

Land

  • Cross Street: Rosslyn & King

  • Municipality District: Hamilton

  • Parcel Number: 172270256

  • Lot Depth: 101.5 Feet

  • Lot Frontage: 36 Feet

  • Zoning: H-Toc1

Commercial Specific

  • Total Area: 5750

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Lot Code: Lot

Map of 1123 Main Street East, Hamilton
JK-8

St. John the Baptist Catholic Elementary School

Elementary: Catholic
0.58 km
JK-5

A M Cunningham Junior Public School

Elementary: Public
0.87 km
JK-8

Holy Name of Jesus Catholic Elementary School

Elementary: Catholic
0.74 km
JK-8

Memorial (City) School

Elementary: Public
0.25 km
JK-8

Queen Mary Public School

Elementary: Public
0.81 km
JK-8

Prince of Wales Elementary Public School

Elementary: Public
1.25 km
9-12

Vincent Massey/James Street

Secondary: Public
2.60 km
9-12

ÉSAC Mère-Teresa

Secondary: Catholic
3.35 km
9-12

Delta Secondary School

Secondary: Public
0.76 km
Pre-Grade 9-12

Sir Winston Churchill Secondary School

Secondary: Public
2.32 km
Pre-Grade 9-12

Sherwood Secondary School

Secondary: Public
1.75 km
9-12

Cathedral High School

Secondary: Catholic
2.73 km
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