174 JOHN STREET S
Hamilton (Corktown), Ontario
MLS® X12991108
$1
- Status
- Active
- Property type
- Retail
- MLS® number
- X12991108
- Bedrooms
- —
- Bathrooms
- 7
- Year built
- —
1 / 15Listing description
Rare opportunity to own a prime mixed-use property in the heart of Hamilton, ideally situated at the corner of John St S and Augusta St, just a 2-minute walk to the GO Station, schools, commercial towers, and a thriving residential community. This newly refurbished four-storey offers a total of 4,582 sq. ft.
It includes four residential units and one commercial unit. The residential suites are spacious and full of character, including one impressive two-storey loft. The commercial unit features a fully operational kitchen, bar, and a fully licensed patio, making it ideal for continued hospitality use or a variety of business concepts.
With a gross income of $175,000, a net operating income (NOI) exceeding $140,000, and annual operating expenses under $30,000, this property presents an exceptional investment opportunity. The building is fully occupied and operates independently, offering a highly passive income stream that can also be easily managed in-house if desired. Flexible ownership options allow you to purchase with the business or simply as a landlord, as one of the sellers is willing to continue operations.
Don't miss this rare, turnkey investment in one of Hamilton's most sought-after locations.
Property summary
- MLS® number
- X12991108
- Property type
- Retail
- Building type
- Residential Commercial Mix
- Square footage
- 5,079 sq ft
- Land size
- 66.13 x 34.62 FT
- Annual property taxes
- $12,117.17
- Days on market
- 135 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- None
What would this home cost you?
Based on the $1 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE WEST REALTY GROUP LTD., TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.