1831 MAIN STREET W
Hamilton (Ainslie Wood), Ontario
MLS® X14121000
$1,399,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X14121000
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 47Listing description
Exceptional income-producing mixed-use investment opportunity in Hamilton! This approximately 6,300 sq. ft.
property features six residential units alongside commercial space, offering diversified income potential. The investment analysis projects $184,640 in annual gross income, $116,435 in annual net operating income (NOI), and an 8. 32% capitalization rate.
Further income potential includes an estimated $1,400 per month from a proposed basement rental unit, subject to applicable approvals, as well as an agreed $500 increase to the In Bloom commercial lease upon its May 2027 renewal. The property also offers 10 parking spaces, renovated residential apartments, and additional partial renovations in the basement. Conveniently located near public transit, parks, and local amenities, this property presents an attractive opportunity for investors seeking a mixed-use asset with diversified income streams and potential for increased returns.
Property summary
- MLS® number
- X14121000
- Property type
- Retail
- Building type
- Residential Commercial Mix
- Size
- 6,300 sq ft
- Land size
- Bldg=55 x 135 FT
- Annual property taxes
- $17,848.17
- Parking
- 10 spaces
- Days on market
- 9 days
Features & details
- Heating
- Other
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $1,399,000 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 Real Broker Ontario Ltd., BURLINGTON.
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.