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$4,700,000
Hamilton
903-909 Main Street East, Hamilton (Stipley), Ontario, L8M1M6
This multi-family property in Hamilton is for sale offering roughly 10,000 sq ft of space. It has been on the market 14 days, fresher than the Hamilton average of 47 days.
Mixed-use investment opportunity in the heart of Hamilton's bustling Main Street corridor. This well-maintained building features 16Prime mixed-use investment opportunity along Hamilton's Main Street corridor. This well-maintained building features 18 residential units and 2 commercial spaces, including an operating laundromat and one vacant storefront. Several vacant residential units provide immediate value-add potential, allowing investors to set market rents from day one and significantly increase income. The laundromat offers steady cash flow and may be operated as-is or sold separately for added flexibility. Pride of ownership throughout with minimal deferred maintenance. Ideally positioned along the upcoming LRT route, supporting long-term appreciation and tenant demand. A rare chance to acquire a turnkey asset with both stability and upside. residential units ( comprised of one-bedrooms and bachelors) plus ground-floor commercial storefront, offering multiple income streams and strong rental demand. A turnkey asset with pride of ownership throughout, this property delivers stable cash flow, minimal maintenance concerns, and excellent upside potential through future rent growth. Ideally located steps to transit, shopping, and amenities, ensuring consistent tenancy. A rare chance to add a solid, income-producing building to your portfolio. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 14 days on market, against an average age of 47 days across the listings currently for sale in this city
This multi-family in Hamilton (Stipley) has been listed for 14 days, which is 33 days fresher than the city average of 47. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $4,700,000, about 76.8× the local median household income of $61,200.
Carrying it typically needs a household income of about $918,075 (20% down, 25-yr amortization, stress-tested) — roughly 1400% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8M)
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Loading rates, 30-yr amortization
Cash Needed to Close
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