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$1,100,000
Hamilton
716 MAIN Street East, Hamilton (St. Clair), Ontario, L8M1K9
This retail property in Hamilton is for sale offering roughly 1,676 sq ft of space. It has been on the market 16 days, fresher than the Hamilton average of 50 days.
Here is a rare chance to own a freestanding retail building on a highly visible corner in Hamilton. Set at the southeast corner of Main Street East and St. Clair Avenue, this well-maintained, single-storey building offers 1,676 sq ft of main floor retail space plus approximately 1,200 sq ft of basement storage, all on a 0.20-acre lot with C2 zoning.Parking is a standout feature, with 15 on-site spaces making it easy for customers to come and go, an advantage few properties along Main Street East can offer. The space is purpose-built for restaurant use and features a functional layout, great natural light, two ground floor washrooms, furnace and central air, and LED and pot lighting throughout.The property is currently leased and generates a top line income of $6,000 per month, or $72,000 per year. With a single tenant in place, it offers a simple, low-maintenance investment that delivers reliable cash flow from day one.The setting supports long-term success, with established residential neighbourhoods on all sides delivering steady daily traffic, public transit along Main Street East and convenient access to Highway 403 and the QEW.Opportunities to secure a standalone building with this much parking in Hamilton do not come along often. Whether you are growing your portfolio or making your first commercial investment, 716 Main Street East is an opportunity worth a closer look. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 16 days on market, against an average age of 50 days across the listings currently for sale in this city
This retail in Hamilton (St. Clair) has been listed for 16 days, which is 34 days fresher than the city average of 50. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,100,000, about 18.0× the local median household income of $61,200.
Carrying it typically needs a household income of about $214,869 (20% down, 25-yr amortization, stress-tested) — roughly 251% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8M)
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