Added 1 month ago
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Type: Sale Of Business
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Property Type: Commercial
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Zoning: C5a
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Age: No Data
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Taxes: 10180.79
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MLS®#: X10403678
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Days on Site: 52 Days
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Added: Sep 25, 2024 (1 month ago)
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Updated:
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Last Checked: 8 hours ago
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Listed By: Sotheby's International Realty Canada, Brokerage
Prime investment opportunity located at one of the highest-traffic corners in the city! This fully-renovated, fully-tenanted building is well-positioned for either the experienced or first-time investor. Includes 4 beautifully renovated apartments, a strong anchor commercial tenant on the ground floor, and a brand new tenancy with a strong lease in the previously-vacant commercial unit. Additional income comes from rooftop billboards. Currently priced based on a 6.3% cap rate, this property is capable of achieving a stronger cap rate with minimal effort in the short-term. In exceptional condition, this property comes with a recent, clean Phase II Environmental. Plus, there are no parking spots, balconies, or elevators to maintain or cause issues! With significant opportunity for upside as well, this is an excellent, low-maintenance investment with a strong returns and more upside to be realized!
Property
Status: Sale
Property Type: Sale Of Business
Property Type: With Property
Area: Hamilton
Community: Crown Point
Availability Date: Flexible
Assessment Amount: $331,000
Assessment Year: 2016
Building
Basement: Y
Water Supply: Municipal
Fees
Tax Year: 2023
Tax Legal Description: PT LT 20, BLK T, PL 395 , AS IN CD182423 ; HAMILTON
Taxes: $10,181
Land
Cross Street: SW Corner of Barton
Municipality District: Hamilton
Parcel Number: 172480089
Sewer: Sewers
Lot Depth: 35 Feet
Lot Frontage: 64.66 Feet
Zoning: C5a
Commercial Specific
Rail: N
Retail Area: 4200
Total Area: 4200
Total Area Metric: Sq Ft
Area Influence: Public Transit
St. John the Baptist Catholic Elementary School
Elementary: CatholicA M Cunningham Junior Public School
Elementary: PublicHoly Name of Jesus Catholic Elementary School
Elementary: CatholicMemorial (City) School
Elementary: PublicW H Ballard Public School
Elementary: PublicQueen Mary Public School
Elementary: PublicVincent Massey/James Street
Secondary: PublicÉSAC Mère-Teresa
Secondary: CatholicDelta Secondary School
Secondary: PublicGlendale Secondary School
Secondary: PublicSir Winston Churchill Secondary School
Secondary: PublicSherwood Secondary School
Secondary: Public
