$648,900
Available - For Sale
Listing ID: X13002934
1439 Main Street East , Hamilton, L8K 1C4, Hamilton
| Opportunity to acquire a mixed-use property in Hamilton's evolving downtown east end with both commercial and residential components in place. The main floor is leased to a commercial tenant on a 3-year term at $1,900/month + HST and additional expenses, while the upper residential unit is leased at $2,300/month + utilities on a 2-year term. The property is fully stabilized, and it offers immediate income with clear upside potential through lease optimization and future rent growth. Positioned along Main St. E, the asset benefits from strong visibility, steady traffic, and long-term appreciation drivers, including the planned LRT line directly along the corridor. Current income provides a solid foundation for investors looking to add value and increase returns over time. With both units tenanted and contributing to carrying costs, this is an ideal opportunity for investors seeking a mix of in-place cash flow and future upside in a rapidly developing pocket of Hamilton. |
| Price | $648,900 |
| Taxes: | $6593.00 |
| Tax Type: | Annual |
| Monthly Condo Fee: | $0 |
| Occupancy: | Tenant |
| Address: | 1439 Main Street East , Hamilton, L8K 1C4, Hamilton |
| Postal Code: | L8K 1C4 |
| Province/State: | Hamilton |
| Legal Description: | PT LTS 7 & 8, PL 491 , AS IN CD64077 ; S |
| Directions/Cross Streets: | Main & Kenilworth |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Retail |
| Use: | Hospitality/Food Related |
| Building Percentage: | F |
| Total Area: | 1450.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 700 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 0 |
| Rail: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Sewers: | None |
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| RARE REAL ESTATE |
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Hala Elkilany
Sales Representative
Dir:
647-502-2121
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Homeside |
| Tax: | $6,593 |
| Fireplace: | N |
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