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$ 822,000
Est. payment /mo
Active
61 YOUNG STREET Hamilton (corktown), ON L8N1V1
2,920 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,920 sqft
Price per Sqft $281
Subdivision Corktown
MLS® Listing ID X11999213
Originating Board The Oakville, Milton & District Real Estate Board
Property Description
This high-exposure corner property offers a low-maintenance investment with strong returns. With two spacious 1-bed apartments on the upper two floors and an established restaurant on the main floor, this high-visibility, high-demand location benefits from immediate proximity to the GO Station, public transit, St. Joseph's Hospital, and multiple new residential developments. The second floor apartment is tenanted and the third floor apartment has been left vacant for the sale process; having also been recently updated with new windows. Despite all rents being below market value, this property is being offered at a 6.5% cap rate (once 2nd floor is tenanted). This is an excellent opportunity to acquire an affordable investment property in the heart of Hamilton's thriving southern downtown area! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Hot water radiator heat
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Sanitary sewer
Listed by Sotheby's International Realty Canada, Brokerage