Overview

This retail property in Hamilton is for sale offering roughly 7,585 sq ft of space.

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

Description

Heritage-designated mixed-use building in downtown Waterdown. 3 commercial units on main level, 4 residential units above. All tenants in good standing. 22 dedicated on-site parking spaces. Well-maintained by long-term owner with visible pride of ownership. Excellent tenant mix with stable income and minimal turnover. Please do not approach tenants. Showings require a minimum 48 hours' notice. (id:66096)

Property Details

MLS®: X12248010
Property Type: Retail
Zoning: C5a
Parking: 2
Interior Size: 7,585 ft²
Lot Size: 115 × 160 ft (18,478 sq ft)
Frontage: 115 ft
Heating: Hot water radiator heat, Natural gas
Cooling: Fully air conditioned
Garage: Other
Property Tax: $20,516.65/yr
Listed: 496 days ago

Market Timing

Days on market

496d

Hamilton (Waterdown) listings, avg age

53d

Price / ft²

$198

List price

$1.50M

Haho

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Area context

Neighbourhood profile (L0R)

This home lists at $1,500,000, about 13.6× the local median household income of $110,000.

Carrying it typically needs a household income of about $293,003 (20% down, 25-yr amortization, stress-tested) — roughly 166% above the area median.

Median household income: $110,000
Population: 83,602
Median age: 40.8
Owner / renter: 88% / 12%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA L0R)

$1,500,000· $198/ft²

For sale

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Financing

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22 Mill Street South, Hamilton (Waterdown) - Retail for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (L0R)

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