1047 MAIN Street E, Hamilton, Ontario, L8M1N5
MLS: 40812603 | Triplex (Freehold)
$615,000
Property Description
PRICED TO SELL - Fully Vacant Mixed-Use Triplex. Exceptional live-work-invest opportunity with immediate ability to set market rents. This versatile property offers over 2,300 sq ft of total space and includes a street-facing main floor commercial unit, a self-contained rear residential apartment, and a spacious 3-bedroom upper unit, all with separate entrances for added flexibility. Flexible C2 zoning permits a wide range of commercial and residential uses, making it ideal for investors, entrepreneurs, or owner-operators looking to run a business while generating rental income. Recent capital improvements include roof (2024), boiler (2021), new rear deck (2025), renovated bathrooms, updated flooring, and refreshed commercial interiors, helping reduce near-term capital expenses. Located along a high-visibility corridor just steps to transit, amenities, and everyday conveniences, with strong long-term growth potential and anticipated future LRT connectivity. The property also offers one driveway parking space plus convenient nearby street parking. Projected rents of $4,300-$5,100/month with an estimated NOI of $42,000-$45,000 annually, making this a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation. (id:64974)
Quick Facts
- Property Type: Triplex (Freehold)
- Bedrooms: 4
- Bathrooms: 2
- Living Area: 2,320 sq ft (215.5 m²)
- Above Grade: 2,320 sq ft (215.5 m²)
- Ownership: Freehold
- Attached: Yes
- Parking: 1.0 space
- Frontage: 30 ft (9.1 m)
Costs
- Annual Taxes: $5,107.00
Listing Provided by: Re/Max Icon Realty
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Radiant heat, Natural gas
- Cooling: Wall unit
- Basement: Unfinished, Full
Exterior & Construction
- Exterior: Brick
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Frontage: 30 ft (9.1 m)
- Zoning: C2
Community & Neighbourhood
- Community: School Bus
- Subdivision: 201 - Crown Point
Listing Information
Listing History
MLS listing activity for 1047 MAIN Street E, Hamilton, Ontario, L8M1N5 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Neighborhood Walkability
Mortgage & Cost Calculators
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Similar Homes ?Similar Homes — Search CriteriaSearch Radius5 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
175 BURRIS STREET, Hamilton (St. Clair)
Duplex$599,000
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1047 MAIN Street E, Hamilton, Ontario, L8M1N5