This Rare Mixed-Use, Multi-Unit Property At 1123 Main St East Offers An Exceptional Investment Opportunity In One Of Hamilton's Busiest Areas. Featuring Four Residential Units (Two 2-Bedroom And Two 3-Bedroom), Alongside A Long-Standing Retail Tenant, This Fully Tenanted Building Promises A Strong And Stable Income Stream. Recent Upgrades And Meticulous Maintenance Make This A Low-Hassle Investment, While Its Proximity To McMaster University And Mohawk College Ensures Steady Demand From A Wide Tenant Pool. With A Cap Rate Nearing 8%, This Property Stands Out As A High-Yield Asset, With Significant Potential To Increase Income By Adding More Units Or Enhancing Existing Spaces. This Is An Unparalleled Opportunity To Secure A Property That Combines Immediate Income Potential With Room For Long-Term Growth.
MLS# | X9511806 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 105 |
Listing Provided By | CENTURY 21 BEST SELLERS LTD. | Not Provided |
SQ Feet | 5,750 |
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State | ON |
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County | Hamilton |
City | Hamilton |
Zip Code | L8M 1P2 |
Area | Crown Point |
Listing VS Median (in L8M 1P2) | |
Price: $1,599,000 low | high Med: $1,599,000 SqFt: 5,750 low | high Med: 5,750 $ / SqFt: $278 low | high Med: $278 On Site: 105 low | high Med: 105.000000 |