122 Queen St S - Storefront Retail/Residential FOR SALE


Hamilton, ON L8P 3S2- Hamilton Central B
$1,499,900 CAD
905-582-0868
122 Queen St S, Hamilton, ON for Sale
$1,499,900 CAD
Storefront Retail/Residential - FOR SALE
1/3
null | 6.26% Cap Rate

122 Queen St S
Hamilton, ON L8P 3S2
Hamilton Central B


HIGHLIGHTS

  • Versatile mixed-use design with retail and residential components.
  • Strong in-place income with further upside through redevelopment.
  • Recent building upgrades enhance operational efficiency and durability.
  • Flexible zoning offers potential for multi-residential conversion.
  • Located on a visible, well-traveled street in a demand-driven submarket.

OVERVIEW

This offering presents a high-yield mixed-use property situated in a high-demand Hamilton location. The 7,000 sq. ft. building provides a unique combination of stable income and future redevelopment potential. Currently generating a 6.3% cap rate, the asset delivers consistent cash flow supported by long-term tenants. Recent upgrades, including an updated roof and efficient mechanical systems, reduce capex risk. The property layout accommodates flexible investment strategies. Investors can maintain the mixed-use structure for continued income or reposition the building to enhance returns. Options include converting the upper floors into six residential units while retaining ground-floor retail or pursuing a conversion into an eight-unit residential development. This adaptability, coupled with robust cash flow, positions the property as a rare opportunity for value-add investors in a thriving market.

FOR SALE DETAILS

PRICE

$1,499,900 CAD

PRICE/SF

$262 CAD /SF

CAP RATE

6.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

251801009500250

ASK ABOUT THIS PROPERTY

Ahmad Al LamiRemax Millennium Real EstateMore Info
905-582-0868

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Ahmad Al LamiRemax Millennium Real EstateMore Info
905-582-0868

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.