172 Markland Street, Hamilton | Image 1

172 Markland Street

Hamilton, Durand

  • Commercial

$X,XXX,XXX
For Sale

Added 3 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: D

  • Age: 51-99 years

  • Taxes: 10034

  • MLS®#: X10413861

  • Days on Site: 9 Days

  • Added: Oct 29, 2024 (3 weeks ago)

  • Updated:

  • Last Checked: 8 hours ago

  • Listed By: RE/MAX GARDEN CITY REALTY INC, BROKERAGE

Are you looking for a robust investment opportunity with versatility to match your portfolio needs? Consider this exceptional property. This well-maintained asset has been recently updated with new windows, boiler, upgraded stairs and decking, fresh paint, landscaping, resurfaced front porches, and reconfigured parking. It also includes a fully insulated 12'x15' accessory dwelling unit (ADU) equipped with hydro, with water/plumbing permits on the way and expected to be finalized before closing. The property has potential for heritage designation, appealing to those with an interest in preserving character real estate. Additionally, it offers an option to be restored to a side-by-side executive duplex, blending seamlessly with the distinguished homes in this affluent neighborhood. Currently generating a gross income of $126,780 across its six units, this property has appreciated significantly purchased at $1.52M and now appraised at over $1.9M. It also qualifies for an MLI Select mortgage, making it an appealing addition to your investment strategy. Full financials available upon request.

Property

  • Status: Sale

  • Property Type: Investment

  • Age: 51-99

  • Area: Hamilton

  • Community: Durand

  • Availability Date: TBD

  • Assessment Amount: $761,000

  • Assessment Year: 2021

Inside

  • Air Conditioning: Other

Building

  • Basement: Y

  • UFFI: No

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 2

Fees

  • Tax Year: 2023

  • Tax Legal Description: PLAN 256 PT. LOTS 41 & 42

  • Taxes: $10,034

  • Expenses: Act

  • Heat Expenses: 4606

Land

  • Cross Street: AT N/E Corner of Mar

  • Municipality District: Hamilton

  • Parcel Number: 171350222

  • Sewer: Sewers

  • Lot Depth: 74 Feet

  • Lot Frontage: 56.29 Feet

  • Zoning: D

Commercial Specific

  • Total Area: 4165

  • Total Area Metric: Sq Ft

  • Area Influence: Park

  • Financial Statement: Y

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Map of 172 Markland Street, Hamilton
JK-5

Central Junior Public School

Elementary: Public
0.69 km
JK-8

Queensdale School

Elementary: Public
1.16 km
6-8

Ryerson Middle School

Elementary: Public
0.35 km
JK-8

St. Joseph Catholic Elementary School

Elementary: Catholic
0.57 km
JK-5

Earl Kitchener Junior Public School

Elementary: Public
0.97 km
JK-8

Sts. Peter and Paul Catholic Elementary School

Elementary: Catholic
1.49 km
9-12

King William Alter Ed Secondary School

Secondary: Public
1.77 km
9-12

Turning Point School

Secondary: Public
0.95 km
9-12

École secondaire Georges-P-Vanier

Secondary: Public
2.08 km
9-12

St. Charles Catholic Adult Secondary School

Secondary: Catholic
1.45 km
Pre-Grade 9-12

Sir John A Macdonald Secondary School

Secondary: Public
1.38 km
Pre-Grade 9-12

Westdale Secondary School

Secondary: Public
1.94 km
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