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In-PersonVirtual Tour
$ 1,799,000
Est. payment | /mo
4,200 SqFt
$ 1,799,000
Est. payment | /mo
4,200 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $428
Subdivision Crown Point
MLS Listing ID X12089960
Annual Tax Amount $10,702
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
Incredible low-maintenance investment offered at a massive 6.6% cap rate even AFTER accounting for a vacancy allowance and repairs and maintenance! This fully-renovated, now fully-tenanted building is well-positioned for either the experienced or first-time investor. Includes 4 beautifully renovated apartments with great tenants, a fabulous new franchise QSR restaurant tenant on the ground floor, and a tenancy with a strong lease in the previously-vacant commercial unit. Additional income comes from rooftop billboards. 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! This is truly an exceptional opportunity for a strong, stable investment with a substantial, above-market return!
Location
Province ON
County Hamilton
Community Crown Point
Area Hamilton
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 64.66
Lot Depth 35.0
Others
Security Features No
Listed by Sotheby's International Realty Canada, Brokerage