1221-1223 Main Street E Hamilton, ON L8K 1A5
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 3,890 sqft
Price per Sqft $298
MLS Listing ID 40688274
Bedrooms 6
Abv Grd Liv Area 3,890
Originating Board Hamilton - Burlington
Year Built 1970
Annual Tax Amount $5,200
Property Sub-Type Multi-6-9 Unit
Property Description
This is your chance to secure a value-add, cash-flowing multi-unit property in the heart of Hamilton! Featuring six units in total: two 2-bedroom units, two 1-bedroom units, and two bachelor units! This building is ideally positioned near vibrant Ottawa Street, known for its trendy shops, dining, and strong rental demand.
One of the 2-bedroom units has been newly renovated, boasting a sleek modern kitchen, stylish bathroom, and stainless steel appliances! a prime opportunity for increased rental income. One 1-bedroom apartment is currently vacant, with a market rent of $1,750/month, providing immediate potential for increased cash flow.
With TOC1 zoning, this property offers incredible flexibility for both residential and commercial opportunities, allowing savvy investors to maximize their returns in Hamilton's thriving real estate market. Long-term tenants provide stability, while the prime location ensures continued demand.
Location
Province ON
County Hamilton
Area 20 - Hamilton Centre
Zoning TOC1
Direction Main St E & Edgemont St N
Rooms
Basement Partial, Unfinished
Kitchen 0
Interior
Interior Features Other
Heating Baseboard, Electric
Cooling None
Fireplace No
Appliance Dryer, Refrigerator, Stove, Washer
Laundry In-Suite
Exterior
Parking Features Asphalt
Roof Type Flat
Lot Frontage 30.0
Lot Depth 100.0
Garage No
Building
Lot Description Rectangular, Dog Park, Hospital, Library, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby
Faces Main St E & Edgemont St N
Story 2
Foundation Block, Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Aluminum Siding,Brick,Block,Metal/Steel Siding,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 172420183
Ownership Freehold/None