683-685 Main St E - Medical FOR SALE


Hamilton, ON L8M 1K4- Hamilton Central C
$6,100,000 CAD
365-675-2316
683-685 Main St E, Hamilton, ON for Sale
$6,100,000 CAD
Medical - FOR SALE
1/6
null | 4.39% Cap Rate

683-685 Main St E
Hamilton, ON L8M 1K4
Hamilton Central C


HIGHLIGHTS

  • Fully renovated residential units
  • Established medical commercial units
  • Diverse income streams
  • Prime location with easy access to amenities
  • Access to Highway
  • Ample Parking

OVERVIEW

This distinguished mixed-use property presents a unique investment opportunity in a rapidly developing location. The property features a strategic blend of residential and commercial units, providing diverse revenue streams with substantial growth potential. Property Features Residential Units: 6 Fully Renovated Units All units are modern and currently leased, generating steady income. Renovations completed in 2024 enhance tenant appeal and occupancy rates. Commercial Units: 2 Fully Leased Medical Commercial Units Currently under established leases, providing consistent and reliable revenue. Detached House: 2,000 sq. ft. Currently leased with a newly installed roof (2024), contributing to a stable cash flow and investment security. Investment Highlights Exceptional NOI Potential: Positioned in a high-demand market, promising significant returns on investment. Diversified Revenue Streams: The mix of residential and commercial assets mitigates risk, ensuring continuity of income. Future Development Potential: Opportunities exist for expansion or redevelopment, enhancing the overall property value. Prime Location: Conveniently situated in a vibrant area with easy access to public transport, retail, and educational facilities, ensuring strong tenant demand.

FOR SALE DETAILS

PRICE

$6,100,000 CAD

PRICE/SF

$771 CAD /SF

CAP RATE

4.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Showroom, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

C2

APN/PARCEL ID

251803023100130

ASK ABOUT THIS PROPERTY

Vali MikhoHomelife Professionals Realty Inc.More Info
365-675-2316

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

Vali MikhoHomelife Professionals Realty Inc.More Info
365-675-2316

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