$1,980,000
Available - For Sale
Listing ID: X12683802
71 Main Street East , Hamilton, L8N 1G2, Hamilton
| Excellent investment opportunity in the core of Downtown Hamilton. Ideally located along the city's busiest street, offering strong exposure and easy access. Beside McMaster University Downtown Campus, Hamilton GO Centre, colleges, government offices, major banking centres, shopping, and hospitals. Surrounded by numerous newly built and under-construction condominium projects, it ensures strong and consistent demand. Situated in a high-demand area for business and redevelopment. Downtown Central Business zoning permits a wide range of uses. The ground floor is ideal for a takeout restaurant, entertainment use, or professional office. The second floor features several rooms with a kitchen and washroom, suitable for Airbnb or office use. The third and fourth floors have been newly renovated into multiple ensuites with shared kitchen, dining area and laundry facilities for each floor. Ideal for students or professionals. Every floor is separately metered for hydro and gas, allowing efficient utility management. The property is projected to generate approximately $180,000-$220,000 in annual revenue, offering strong cash flow with excellent value-add and redevelopment potential. A rare downtown income-producing opportunity! |
| Price | $1,980,000 |
| Taxes: | $20000.00 |
| Tax Type: | Annual |
| Occupancy: | Partial |
| Address: | 71 Main Street East , Hamilton, L8N 1G2, Hamilton |
| Postal Code: | L8N 1G2 |
| Province/State: | Hamilton |
| Directions/Cross Streets: | Main St. & John St. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Building Percentage: | T |
| Total Area: | 4844.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Public Transit |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX ATRIUM HOME REALTY |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Beasley |
| Tax: | $20,000 |
| Fireplace: | N |
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