Overview

This retail property in Hamilton is for sale offering roughly 6,294 sq ft of space.

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

Description

Location, Location. Well situated Corner plaza on Upper James St. 6 Units with 5 current long term Tenants and one vacant unit. Well maintained with new roof in progress at time of Listing. Pylon and Fascia signage. Plenty of on site parking. Approx. $115,000 Net Income per annum. Recent Phase 1, Phase II and Due Diligence Risk Assessment completed by Landlord. Fabulous Investment property. (id:66096)

Property Details

MLS®: 40856607
Property Type: Retail
Zoning: C2-Commercial
Parking: 20
Interior Size: 6,294 ft²
Lot Size: 14,375 sq ft (0.33 ac)
Frontage: 148 ft
Building Area: 6,294 ft²
Storeys: 1
Basement: None
Ownership: Freehold
Property Tax: $44,034.41/yr
Listed: 78 days ago

Features

Exterior: Concrete, Brick Veneer
Lot Features: Visual exposure, Paved driveway

Services

Water: Municipal water
Sewer: Municipal sewage system
Utilities: Natural Gas, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

78d

Hamilton listings, avg age

65d

Price / ft²

$331

List price

$2.08M

Haho

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Area context

Neighbourhood profile (L9C)

This home lists at $2,085,000, about 22.7× the local median household income of $92,000.

Carrying it typically needs a household income of about $407,273 (20% down, 25-yr amortization, stress-tested) — roughly 343% above the area median.

Median household income: $92,000
Population: 41,202
Median age: 41.2
Owner / renter: 71% / 29%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA L9C)

$2,085,000· $331/ft²

For sale

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Financing

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720 UPPER JAMES Street, Hamilton - Retail for Sale