189 Hughson Street S, Hamilton, ON L8N 2B6

Hamilton L8N 2B6 Ontario

MLS: X12393008

$1,789,999

Added 6 hours ago | For Sale

Listed by: Royal Lepage Real Estate Associates

About Property

Exceptional opportunity for investors or owner-operators to acquire a prime commercial property in a AAA location, steps from St. Josephs Hospital. This 3,900 sq. ft. building features 3 floors of medical office space and 4 floor comprising a residential unit with 2 bedroom apartment. Rear parking lot accommodates 14 vehicles, a rare advantage in the area. Currently generating a net operating income of $120,000 (6.5% cap rate) under a gross lease structure, with tenants willing to renew for an additional 5 years or vacate for owner occupancy. Immediate positive cash flow with strong long-term upside in one of Hamilton's most sought-after corridors.

Features

  • House Style:Commercial Retail
  • Bathrooms:
  • Land Size: 50.96 X 85.01
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:James St S/Charlton Ave E
  • Basement: ,
  • Possession Date:Tenant
  • Annual Property taxes: $23324.93
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12393008

About Agent
Tajinder Sarao
REALTOR®
(647) 206-7222 [email protected]
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