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$1,990,900
Hamilton
4049 6 Highway, Hamilton, Ontario, L0R1W0
This multi-family property in Hamilton is for sale offering roughly 4,009 sq ft of space. It has been on the market 57 days, fresher than the Hamilton average of 65 days.
Rare opportunity to acquire a 10.1-acre parcel at the corner of a high-traffic highway, offering exceptional visibility, strong frontage, and long- term upside. Located just minutes to the airport, this strategically positioned property is currently zoned primarily Agricultural and provides immediate income potential with future redevelopment or severance possibilities, subject to approvals. The property includes two versatile, freestanding buildings with separately metered units, offering flexibility for a range of uses such as residential, office, or service-related applications (subject to zoning). The buildings comprise a total of five self-contained units, all vacant, allowing a purchaser to establish market rents or occupy as required. The unit mix includes one one-bedroom unit and four two-bedroom units. With excellent access, a prominent corner location, and exposure along a major corridor surrounded by agricultural and service-commercial uses, this offering is ideal for investors, owner- operators, or buyers seeking land banking opportunities with income and future potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 57 days on market, against an average age of 65 days across the listings currently for sale in this city
This 9-bed multi-family in Hamilton has been listed for 57 days, which is 8 days fresher than the city average of 65. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,990,900, about 18.1× the local median household income of $110,000.
Carrying it typically needs a household income of about $388,892 (20% down, 25-yr amortization, stress-tested) — roughly 254% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0R)
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Loading rates, 30-yr amortization
Cash Needed to Close
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