Mixed-use Off Market Property With 13% Cap Rate In Hamilton

Shamik Bhesaniya

Principal

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Listing Details

Description

**Lot Size**: 20 * 100 feet - **Total Area**: 2,175 sqft (0.50 Acres) - **Retail Area**: 1,000 sqft - **Property Type**: Mixed-use (Commercial Retail + Residential) **Current Lease Details**: - **Restaurant Rent**: $3,616 CAD per month, with a $300 CAD increase every 2 years - **Apartment Rent**: $2,950 CAD per month - 3 Bedrooms, 1 Bathroom, Kitchen - Basement: 1 Bedroom, 1 Bathroom - 2 Parking Spaces **Utilities and Maintenance**: - The restaurant covers the entire building's gas costs - Electricity is billed separately - Recent Updates (2022): - Roof and door replacements - Complete building painting - Finished basement bathroom - Updated upper flooring - Restaurant equipment upgrades, including the hood and commercial fridge This property is an excellent investment opportunity, combining stable rental income with significant recent updates, ensuring a hassle-free ownership experience.

Location & nearby

This listing is located in Hamilton, ON

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