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This Investment Giant Offers Tremendous Cashflow Value With Strong Future Upside. With Over 142' Of Frontage On The Lrt Route And A Large 26-Car Parking Lot Behind It, This Property Occupies The Majority Of Its Block. The 8 Retail Units, 16 Residential Units, Coin Laundry, And Parking Rentals Offer Strong Multi-Stream Cashflow. Extensively Renovated, This Property Benefits From Major Facade Updates Including All-New Retail Glass, Newer Windows, Roof, And High-Efficiency Boilers. Additional Updates Are Currently Underway In Several Of The Retail Units. Current Proforma Noi Exceeds $322,000/Year Accounting For Professional Management And Standard Vacancy/R&M Budgets. Clean Phase I In 2019. This Beautiful Property Is In Excellent Condition And Will Continue To Climb In Value As Rents Rise And The Neighbourhood Continues To Redevelop As Lrt Is Implemented. Don't Miss This Spectacular Investment For Both Short-Term And Long-Term Benefit.
Property Details
| Property Type | Investment |
|---|---|
| Property Style | N/A |
| Square Feet | |
| Property Tax | $56,766 |
| Maintenance | N/A |
| Days On Our Website | 4 |
| Basement | |
| Kitchens | |
| Garages | |
| Lot Dimensions | 143.00 x 125.00 |
| Pool | N/A |
| Area | Hamilton |
| Fireplaces | N/A |
| Air Conditioning | Part |
| Heating | - Gas Hot Water |
| Exterior | |
| Garage Type | Outside/Surface |
| Sewers | N/A |
| Water | Municipal |
Room Information
| Floor | Room | Dimensions | Description |
Bathroom Information
| Floor | Description |
Listing Office: SOTHEBY`S INTERNATIONAL REALTY CANADA, BROKERAGE
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