Prime investment opportunity located in the heart of downtown Hamilton. This standalone mixed-use property is situated near the GO Station and all local amenities. It features a well-established restaurant space with a 40-year history, previously called Gate of India, currently leased to a new owner. The property offers strong cash flow and a favorable cap rate and includes a full basement along with two dedicated owner parking spaces at the rear. This property presents an outstanding opportunity for investors or business owners seeking income, flexibility, and long-term upside. Also, there is potential to build a high rise in the future.Please do not go direct.
| MLS # | 40814145 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 152 |
| Listing Provided By | Right at Home Realty | Nowrin Tabassum |
| SQ Feet | 2,500 |
|---|---|
| Basement | Y |
| Story(s) | 1 |
| Zoning | H |
| Acreage | 0.06 |
| Cooling Yes / No | No |
|---|
| Lot Features | City Lot, High Traffic Area, Public Transit, Rail Access, Visual Exposure, Other |
|---|
| Sewer | Sewer (Municipal) |
|---|
| Tax Annual Amount | 13610 |
|---|
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8R 2L2 |
| Area | 10 Hamilton West |
| Subarea | 101 Strathcona Central North |
| Community Name | 101 Strathcona Central North |
| Listing VS Median (in 101 Strathcona Central North) | |
Price: $999,000 low | high Med: $152,950 sqft: 2,500 low | high Med: 2,415 $ / sqft: $400 low | high Med: $227 On site: 152 low | high Med: 34.5 | |
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8R 2L2 |
| Area | 10 Hamilton West |
| Subarea | 101 Strathcona Central North |
| Community Name | 101 Strathcona Central North |
| Listing VS Median (in 101 Strathcona Central North) | |
Price: $999,000 low | high Med: $152,950 sqft: 2,500 low | high Med: 2,415 $ / sqft: $400 low | high Med: $227 On site: 152 low | high Med: 34.5 | |