1047 Main Street E, Hamilton, ON L8M 1N5

Hamilton L8M 1N5 Ontario

MLS: X12901830

$615,000

Added 1 hour ago | For Sale

Listed by: RE/MAX Icon Realty

About Property

PRICED TO SELL! Fully Vacant Mixed-Use Triplex. Exceptional live-work-invest opportunity with immediate ability to set market rents. This versatile property offers over 2,300 sq ft of total space and includes a street-facing main floor commercial unit, a self-contained rear residential apartment, and a spacious 3-bedroom upper unit, all with separate entrances for added flexibility. Flexible C2 zoning permits a wide range of commercial and residential uses, making it ideal for investors, entrepreneurs, or owner-operators looking to run a business while generating rental income. Recent capital improvements include roof (2024), boiler (2021), new rear deck (2025), renovated bathrooms, updated flooring, and refreshed commercial interiors, helping reduce near-term capital expenses. Located along a high-visibility corridor just steps to transit, amenities, and everyday conveniences, with strong long-term growth potential and anticipated future LRT connectivity. The property also offers one driveway parking space plus convenient nearby street parking. Projected rents of $4,300-$5,100/month with an estimated NOI of $42,000-$45,000 annually, making this a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation.

Features

  • House Style:Commercial Retail
  • Bathrooms:1
  • Land Size: 30 X 110
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Main Street E and Gage Ave
  • Basement: ,
  • Possession Date:Immediate
  • Annual Property taxes: $5107.44
  • Bedrooms:
  • Total Parking Spaces:1
  • Parking Places:1
  • Heating Type:Radiant
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12901830

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