208 MARY STREET
Hamilton (Beasley), Ontario
MLS® X14091280
$649,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X14091280
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
Listing description
Exceptional investment and redevelopment opportunity in Hamilton's Beasley neighbourhood, just steps from the downtown core. Offering approximately 3,642 sq. ft.
of total space, this legal, conforming duplex features two beautifully renovated residential suites above approximately 1,660 sq. ft. of main-floor commercial/storage space, offering strong existing income with significant future upside.
The property generates approximately $54,600 in annual gross income, with both residential units tenanted and the main floor contributing an additional $1,000/month in storage income. The spacious upper suites feature quartz countertops, modern finishes and impressive open-concept living areas. For investors and developers, the main floor presents a compelling value-add opportunity: the City of Hamilton has Phase 2 of its Mid-Rise Residential Zones Project before Planning Committee, proposing to extend mid-rise residential zoning to additional properties across the urban area and permit greater residential density as-of-right.
Secure an income-producing property today while positioning for potential future conversion or redevelopment in one of central Hamilton's evolving neighbourhoods. Buyer to complete their own due diligence regarding zoning, permitted uses and redevelopment potential.
Property summary
- MLS® number
- X14091280
- Property type
- Multi-family
- Building type
- Multi-Family
- Size
- 3,642 sq ft
- Land size
- Bldg=37.01 x 58.39 FT
- Annual property taxes
- $8,375.66
- Days on market
- 16 days
Features & details
- Heating
- Other
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $649,900 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., 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.