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Type: Investment
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Property Type: Commercial
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Zoning: D
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Age: 51-99 years
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Taxes: 17254.15
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MLS®#: X10441654
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Days on Site: 1 Days
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Added: Nov 21, 2024 (1 day ago)
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Updated:
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Last Checked: 13 hours ago
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Listed By: Keller Williams Signature Realty, Brokerage
Rarely offered Hamilton Purpose-Built 9-Unit Building in Central Hamilton! 9 x 1 Bedroom units with separate hydro meters, 6 balconies, and 11 parking spaces. Mix of renovated and unrenovated units. 4/9 units renovated offering potential for 28% upside on rents. Gross income $147,097, potential $188,880. 3 vacant units upon possession. Low maintenance building with brick and concrete construction and terrazzo floors. Many recent updates including Roof (2012), Boiler (2012), Boiler Pumps (2023), Fire Systems (2021), Mailboxes (2020), windows/doors, and more. Coin laundry onsite in addition to in-suite laundry in renovated units. Clean Phase 1 available (2017). Situated in the heart of Hamilton's Business District close to Jackson Square, Hamilton GO Centre, Hamilton General Hospital, and multiple transit stops ideal for tenants. Some photos have been virtually staged.
Property
Status: Sale
Property Type: Investment
Age: 51-99
Area: Hamilton
Community: Landsdale
Availability Date: Flexible
Assessment Amount: $621,000
Assessment Year: 2024
Inside
Bathrooms: 9
Air Conditioning: Wall Unit
Washrooms: 9
Building
Basement: N
Heat Type: Radiant
Water Supply: Municipal
Parking
Garage Type: Outside/Surface
Covered Parking Spaces: 11
Fees
Tax Year: 2024
Tax Legal Description: LOT 137, PLAN 223, NORTH SIDE OF KING STREET CITY OF HAMILTON
Taxes: $17,254
Insurance Fee: 6427
Hydro Expense: 1260
Heat Expenses: 5041
Land
Cross Street: Main St E to Victori
Municipality District: Hamilton
Parcel Number: 171820130
Sewer: Sewers
Lot Depth: 156.1 Feet
Lot Frontage: 54.55 Feet
Zoning: D
Commercial Specific
Total Area: 6000
Total Area Metric: Sq Ft
Area Influence: Park
Area Influence: Public Transit
Somewhat Walkable
- Some errands can be accomplished on foot.
Excellent Transit
- Most errands can be accomplished by public transportation.
Biker's Paradise
- Daily errands do not require a car.
St. Patrick Catholic Elementary School
Elementary: CatholicSt. Brigid Catholic Elementary School
Elementary: CatholicSt. Lawrence Catholic Elementary School
Elementary: CatholicBennetto Elementary School
Elementary: PublicDr. J. Edgar Davey (New) Elementary Public School
Elementary: PublicCathy Wever Elementary Public School
Elementary: PublicKing William Alter Ed Secondary School
Secondary: PublicTurning Point School
Secondary: PublicVincent Massey/James Street
Secondary: PublicSt. Charles Catholic Adult Secondary School
Secondary: CatholicSir John A Macdonald Secondary School
Secondary: PublicCathedral High School
Secondary: Catholic-
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