Overview

This retail property in Hamilton is for sale offering roughly 2,048 sq ft of space.

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Description

Fantastic investment opportunity in a high-visibility corner location! This versatile mixed-use property features an established pharmacy tenant on the main floor, with residential space on the upper levels offering additional income potential. The property also includes a large unfinished basement and detached garage, providing valuable storage and utility space with potential for future value enhancement. An excellent opportunity for investors seeking a mixed-use property with existing tenancy, additional income potential and long-term value. (id:66096)

Property Details

MLS®: X13428768
Property Type: Retail
Zoning: C5, P1
Bathrooms: 3
Parking: 1
Interior Size: 2,048 ft²
Lot Size: 20 × 106 ft (2,161 sq ft)
Frontage: 20 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $5,311.54/yr
Listed: 146 days ago

Market Timing

Days on market

146d

Hamilton (Gibson) listings, avg age

87d

Price / ft²

$342

List price

$700K

Haho

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Area context

Neighbourhood profile (L8L)

This home lists at $699,999, about 10.8× the local median household income of $65,000.

Carrying it typically needs a household income of about $136,734 (20% down, 25-yr amortization, stress-tested) — roughly 110% above the area median.

Median household income: $65,000
Population: 32,312
Median age: 36.4
Owner / renter: 52% / 48%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L8L)

$699,999· $342/ft²

For sale

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Financing

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597 Barton Street East, Hamilton (Gibson) - Retail for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (L8L)

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