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    For Sale - 1831 Main Street, Hamilton, Ontario

    Est payment $6,718/mo
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    Views   3
    Time on Jump  14 day

    AI Summary *

    • Approximately 6,300 sq. ft. mixed-use property with six residential units and commercial space.
    • Projected annual gross income of $184,640 and net operating income of $116,435.
    • Investment analysis projects an 8.32% capitalization rate.
    • Potential additional income from a proposed basement unit and commercial lease increase, subject to conditions.
    • Ten parking spaces and renovated apartments near transit, parks, and amenities.




    Exceptional income-producing mixed-use investment opportunity in hamilton! This approximately 6,300 sq. Ft. Property features six residential units alongside commercial space, offering diversified income potential. The investment analysis projects $184,640 in annual gross income, $116,435 in annual net operating income (noi), and an 8. 32% capitalization rate. Further income potential includes an estimated $1,400 per month from a proposed basement rental unit, subject to applicable approvals, as well as an agreed $500 increase to the in bloom commercial lease upon its may 2027 renewal. The property also offers 10 parking spaces, renovated residential apartments, and additional partial renovations in the basement. Conveniently located near public transit, parks, and local amenities, this property presents an attractive opportunity for investors seeking a mixed-use asset with diversified income streams and potential for increased returns.
    Listing IDX14121000
    Address1831 Main Street
    CityHamilton, Ontario
    Price$1,399,000
    StyleStore W Apt/Office
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeCommunity Features Public TransitBasement 1Heating / Cooling Other

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    Listing Brokerage: Real Broker Ontario Ltd.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    1831 Main Street
    Hamilton , Ontario
    $1,399,000
    Get more info