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174 JOHN STREET S Hamilton (corktown), ON L8N2C6
7 Baths
5,079 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5079
Square Footage 5,079 sqft
Price per Sqft $0
Subdivision Corktown
MLS® Listing ID X12991108
Property Description
Rare opportunity to own a prime mixed-use property in the heart of Hamilton, ideally situated at the corner of John St S and Augusta St, just a 2-minute walk to the GO Station, schools, commercial towers, and a thriving residential community. This newly refurbished four-storey offers a total of 4,582 sq. ft. It includes four residential units and one commercial unit. The residential suites are spacious and full of character, including one impressive two-storey loft. The commercial unit features a fully operational kitchen, bar, and a fully licensed patio, making it ideal for continued hospitality use or a variety of business concepts. With a gross income of $175,000, a net operating income (NOI) exceeding $140,000, and annual operating expenses under $30,000, this property presents an exceptional investment opportunity. The building is fully occupied and operates independently, offering a highly passive income stream that can also be easily managed in-house if desired. Flexible ownership options allow you to purchase with the business or simply as a landlord, as one of the sellers is willing to continue operations. Don't miss this rare, turnkey investment in one of Hamilton's most sought-after locations. Contact us today for more details or to schedule a private showing. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by ROYAL LEPAGE WEST REALTY GROUP LTD.
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