Investors, don’t miss this turn-key, fully leased mixed-use building generating a solid income with a gross yearly income of $54,000 and approximately $43,000 in net income. Tenants cover all utilities, making this a low-maintenance investment, with the seller only responsible for property taxes, insurance and water heater. The property features a leased storefront on the ground floor, along with a spacious, updated 3-bedroom residential unit upstairs. Over the past 10 years, the building has seen improvements, including a new roof, windows, furnace, and a complete renovation of the upstairs unit. Additionally, there’s parking for five + vehicles, with spots located at both the rear and side of the building, plus a full basement offering extra storage or potential future use. This is an excellent opportunity for investors looking for a property with minimal upkeep and strong rental income. Buyers and agents are advised to verify zoning and room sizes independently. For further details or to schedule a viewing, please contact the listing agent.
MLS# | 40666604 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Days On Site | 18 |
Listing Provided By | RE/MAX Escarpment Realty Inc. | Tino Goritsas |
SQ Feet | 2,200 |
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Basement | Y |
Story(s) | 2 |
Zoning | TOC3 |
Province | ON |
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County | Hamilton |
City | Hamilton |
Postal Code | L8M 1C3 |
Area | 20 Hamilton Centre |
Subarea | 200 Gibson | Stipley |
Community Name | 200 Gibson/Stipley |
Listing VS Median (in 200 Gibson/Stipley) | |
Price: $799,900 low | high Med: $569,900 SqFt: 2,200 low | high Med: 1,271 $ / SqFt: $364 low | high Med: $449 On Site: 18 low | high Med: 24.500000 |