$999,900

For sale

1465 Main Street East, Hamilton (Homeside) - Retail for Sale

1465 Main Street East, Hamilton (Homeside), Ontario, L8K1C5

6 baths3 parking3,718 ft²Listed 13 days ago

Overview

This retail property in Hamilton is for sale offering roughly 3,718 sq ft of space. It has been on the market 13 days, fresher than the Hamilton average of 53 days.

Retail Space for Sale in Hamilton →All real estate in Hamilton →

Description

Opportunity Knocks ! Incredible Opportunity to acquire a highly versatile mixed-use Property offering the perfect blend of Commercial stability and residential demand Located in a high-traffic, sought-after neighborhood. Completely Renovated from Top to bottom perfect for savvy investors or an Owner-user looking to run a business on Main floor while living upstairs! Main floor Commercial space is ready to operate as a Pizza shop with top notch Equipment and Chattels (not included in price )in place. Owner had planned to open the pizza store for some personal reason relocating to other province. Buyer can open any other restaurant as well. Bigger Commercial space which can also be divide two Units easily for extra rental income. Upper Floor residential unit can be rented separately it has separate entrance with an estimate of $4000 to 5000 per month . Property also comes with Two bedroom unit in Basement having separate entrance for additional rental income .There is Billboard signage on the roof of property which is rented to a company generates 4500 yearly income. Its a Freehold Property no condo fee . (id:66096)

Property Details

MLS®: X14106992
Property Type: Retail
Zoning: Commercial Retail
Bathrooms: 6
Parking: 3
Interior Size: 3,718 ft²
Frontage: 34 ft
Building Area: 3,718 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $11,069.08/yr
Listed: 13 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Hamilton (Homeside) listings, avg age

53d

Price / ft²

$269

List price

$1000K

Haho

This retail in Hamilton (Homeside) has been listed for 13 days, which is 40 days fresher than the city average of 53. Act while there is still low competition.

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Listed by RE/MAX REAL ESTATE CENTRE INC. · PARAMJIT SOOR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8K)

This home lists at $999,900, about 13.3× the local median household income of $75,000.

Carrying it typically needs a household income of about $195,315 (20% down, 25-yr amortization, stress-tested) — roughly 160% above the area median.

Median household income: $75,000
Population: 32,598
Median age: 42.4
Owner / renter: 64% / 36%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L8K)

$999,900· $269/ft²

For sale

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Financing

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