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Commercial Unit With 10 Room Lodging House For Sale In Hamilton

$1,275,000

Mixed Use for sale in Hamilton, ON

Updated Nov 29, 2021
Commercial Unit With 10 Room Lodging House For Sale In Hamilton

Details

Broker Co-Op: Yes

Age (years): 20 - 30

Building Size: 2,661 Sq. Ft.

Zoning: TOC1

Free Standing: Yes

Description

Licensed 10 room Lodging/Rooming house + 1 Commercial Unit. **Fully occupied.** • Upside would be to add meal services to increase revenue and profits. • 2,661 sq. ft. + 2,181 a square-foot basement. • Total of 4,842 usable square footage. • Located beside proposed redevelopment site/proposed Hamilton Light Rail Hub. • Attractive VTB 1st mortgage financing available at attractive rates OAC. • Complete Kitchen redone February 2021. • New Furnace and Air-conditioning 2021. • Room and bathroom upgrades 2021. • Automatic rent deposits of some tenants from government sponsored programs. • Revenue: $8,900 per month • Insurance $210 per month • Property tax $325 per month • Hydro $325 per month • Gas $150 a month • Vacant possession available. • Offers welcome anytime. • Total Area: 4,337 sq. ft. • Lot Frontage: 43.41 • Lot Depth: 100.00 • Lot Size Code: Feet • Approximate Age: 16-30 Years • Total # Units: 11 • Parking Spaces Total: 8 **Please contact listing agents for all offers/inquiries.**

Location & nearby

This Mixed Use for sale is located in Hamilton, ON

1646 Main Street East, Hamilton, Ontario L8H 1C6, Canada

Agent Info.

Mike Dib

REALTOR®

Mike Dib

REALTOR®

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