174 JOHN STREET S, Hamilton (Corktown), Ontario, L8N2C6

Property Description

Rare opportunity to own a prime mixed-use property in the heart of Hamilton, just a 2-minute walk to the GO station, schools, commercial towers, and a thriving residential community. This newly refurbished, four-story (C5-zoned) building offers a lot size of 34.55 ft x 66.00 ft, a total area of 4,582 sq. ft., and includes four residential units and one commercial unit. With a gross income of $170,856, a net operating income (NOI) of over $155,000, and operating expenses under $12,000 per year, this is an exceptional investment opportunity. One unit is currently vacant and available for the buyers use. Flexible ownership options allow you to purchase with the business or simply become a landlord, as one of the sellers is willing to continue operations. **EXTRAS** 2 water heaters, 1 commercial and 1 residential - both rented at $40.00 per month. Fire inspection done in 2024. Clean environmental 2024, Flat roof area done in 2023. (id:64974)

Quick Facts

• Property Type: Residential Commercial Mix
• Bedrooms: None
• Bathrooms: 7
• Living Area: 5,079 sq ft (471.9 m²)
• Frontage: 66 ft (20.1 m)

Costs

• Annual Taxes: $12,117.17

Listing Provided by: ROYAL LEPAGE WEST REALTY GROUP LTD.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.