1831 Main Street West, Hamilton (Ainslie Wood), Ontario, L8S1H6
This retail property in Hamilton is for sale offering roughly 6,300 sq ft of space. It has been on the market 8 days, fresher than the Hamilton average of 55 days.
Exceptional income-producing mixed-use investment opportunity in Hamilton! This approximately 6,300 sq. ft. property features six residential units alongside commercial space, offering diversified income potential. The investment analysis projects $184,640 in annual gross income, $116,435 in annual net operating income (NOI), and an 8.32% capitalization rate. Further income potential includes an estimated $1,400 per month from a proposed basement rental unit, subject to applicable approvals, as well as an agreed $500 increase to the In Bloom commercial lease upon its May 2027 renewal. The property also offers 10 parking spaces, renovated residential apartments, and additional partial renovations in the basement. Conveniently located near public transit, parks, and local amenities, this property presents an attractive opportunity for investors seeking a mixed-use asset with diversified income streams and potential for increased returns. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 8 days on market, against an average age of 55 days across the listings currently for sale in this city
This retail in Hamilton (Ainslie Wood) has been listed for 8 days, which is 47 days fresher than the city average of 55. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,399,000, about 22.3× the local median household income of $62,800.
Carrying it typically needs a household income of about $273,274 (20% down, 25-yr amortization, stress-tested) — roughly 335% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8S)
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