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$729,900
Hamilton
155 Victoria Avenue North, Hamilton (Landsdale), Ontario, L8L5E7
This 3-bedroom, 2-bathroom home in Hamilton is for sale.
Excellent opportunity to own a free-standing commercial/residential mixed-use property on a prime corner lot in a mature Hamilton neighborhood. Offering approximately 2,000 sq. ft., the property features multiple income opportunities, including a main-floor retail space currently operating as a convenience store with an attached 1-bedroom residential unit, a second-floor 3-bedroom apartment with a private entrance and estimated rental potential of approximately $2,400/month, and a basement with 1 bedroom and 1 bathroom. The property also benefits from a city-issued legal separate entrance, providing added flexibility and potential for additional permitted uses, subject to buyer verification. The convenience store has been owner-operated for approximately 12 years and has established a loyal neighborhood customer base. The existing business and clientele are included in the sale, offering immediate operating potential for an owner-operator or investor. The property's value is primarily in the real estate, with the business representing additional income and future upside. Suitable for investors, owner-operators, or buyers seeking a mixed-use property with residential rental income and long-term commercial potential. Rare opportunity to acquire a free-standing mixed-use building in an established Hamilton neighborhood. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 105 days on market, against an average age of 69 days across the listings currently for sale in this city
This 3-bed single family in Hamilton (Landsdale) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $729,900, about 11.2× the local median household income of $65,000.
Carrying it typically needs a household income of about $142,575 (20% down, 25-yr amortization, stress-tested) — roughly 119% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8L)
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Loading rates, 30-yr amortization
Cash Needed to Close
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