$483.52 Per Sq Foot $25,767 est/mo Sourced by Back At You

14 Duke Street,Hamilton, ON L8P 1X1

Hamilton ON, L8P 1X1

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Description

CMHC Qualifying Prime Mixed-Use Investment Property Located in High-End South Downtown Durand Neighborhood. Property features luxury residential and Medical Office with former plastic surgery suite, making it an excellent investment opportunity. Offers an excellent CAP rate with substantial net operating income. Vacant possession to achieve highest possible income for residential. Luxury Residential Units (2nd & 3rd floor): 10 turn-key luxury apartments, including 2 bachelor units, 6 one-bedroom units, and 2 two-bedroom units. Ideal rental location for healthcare professionals and professionals commuting to Toronto by GO Train or Bus from station one block south. Medical office: Ground floor commercial space (2,724 SF) currently used as a high-end medical clinic. CMHC Financing: Property qualifies for CMHC financing. Excellent Rental Location: Proximity to major amenities including McMaster University, St. Joseph’s Hospital and lots of Medical establishments, and Hamilton GO Station. Potential to convert commercial space into additional residential units, maximizing rental income. Recent upgrades include new AC units, window replacements, fiber optic, electronic access, and upgraded security. With mortgage rates expected to decrease soon, now is the ideal time to secure this fantastic deal. Seize this outstanding investment opportunity in a premium location.

Details

MLS#40613346
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site11
Listing Provided ByCOSMOPOLITAN REALTY | Robby Pruthi

Features

SQ Feet9,927
BasementY
Story(s)3
ZoningE-1/S-704 & E-1/S-704a
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Learn More About This Property

ProvinceON
RegionHamilton
CityHamilton
Postal CodeL8P 1X1
Area12 Hamilton West
Subarea122 Durand North
Community Name122 Durand North
Listing VS Median (in 122 Durand North)
Price:
$4,799,900
low | high
Med:
$429,900
100% of Average
SqFt:
9,927
low | high
Med:
563
100% of Average
$ / SqFt:
$484
low | high
Med:
$764
7.922817145724% of Average
On Site:
11
low | high
Med:
4.000000
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $0 - $0
SqFt: 7,000 - 12,000
Nearby Listings Property ImageNearby Listings Details
2-164 Robinson Street Property Photo 1
$0
2-164 Robinson Street
Hamilton, ON L8P
Listing Updated: July 3, 2024 at 12:38:16 PM PDT