174 John Street, Hamilton, ON L8N 2C6

Hamilton L8N 2C6 Ontario

MLS: X11945610

$2,100,000

Added 70 days ago | For Sale

Listed by: ROYAL LEPAGE WEST REALTY GROUP LTD.

About Property

Rare opportunity to own a prime mixed-use property in the heart of Hamilton, just a 2-minute walk to the GO station, schools, commercial towers, and a thriving residential community. This newly refurbished, four-story (C5-zoned) building offers a lot size of 34.55 ft x 66.00 ft, a total area of 4,582 sq. ft., and includes four residential units and one commercial unit. With a gross income of $170,856, a net operating income (NOI) of over $155,000, and operating expenses under $12,000 per year, this is an exceptional investment opportunity. One unit is currently vacant and available for the buyers use. Flexible ownership options allow you to purchase with the business or simply become a landlord, as one of the sellers is willing to continue operations. **EXTRAS** 2 water heaters, 1 commercial and 1 residential - both rented at $40.00 per month. Fire inspection done in 2024. Clean environmental 2024, Flat roof area done in 2023.

Features

  • House Style:Store W Apt/Office
  • Bathrooms:7
  • Land Size: 66.13 X 34.62
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:John St S / Augusta
  • Basement: ,
  • Possession Date:FLEX
  • Annual Property taxes: $12117.17
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Baseboard
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X11945610

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