71 Main Street E,Hamilton, ON L8N 1G2
Hamilton, ON L8N 1G2
Description
Exceptional Mixed-Use Investment Opportunity in the Heart of Downtown HamiltonLocated in the vibrant core of Downtown Hamilton, this exceptional mixed-use investment property offers a rare opportunity to acquire a fully mixed-use commercial building with strong income potential and long-term redevelopment upside. Situated within the Downtown Central Business D1 Zone, the property is just minutes from McMaster University Downtown Campus Surrounded by government offices, financial institutions, hospitals, shopping, Hamilton GO Centre, and numerous new residential developments, this prime location continues to benefit from Hamilton's ongoing downtown revitalization and growing demand for rental accommodations.The ground floor features a prominent street-front commercial unit with excellent exposure, suitable for a wide variety of retail, restaurant, service, or professional office uses. The second floor offers multiple rooms that can accommodate office space, professional services, or value-add opportunities. The third and fourth floors have been extensively renovated and feature multiple private ensuite rooms with shared kitchen and laundry facilities, making them highly attractive to McMaster University students, young professionals, healthcare workers, and downtown employees.The building is separately metered by floor, providing efficient management and flexibility for ownership and leasing. With an estimated building area of approximately 4,816 sq. ft. as per bank appraisal and projected annual gross rental income of approximately $180,000 to $220,000, this property offers exceptional cash flow with significant future appreciation potential.Whether you are an investor seeking stable income, an owner-operator looking for a prime downtown location, or a developer recognizing the long-term value of Hamilton's continued revitalization, this is a unique opportunity not to be missed.
Details
| MLS # | X13641002 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 19 |
| Listing Provided By | MASTER`S TRUST REALTY INC. | X13641002 238800 |
Features
| SQ Feet | 4,844 |
|---|---|
| Acreage | 0.11 |
Interior
| Cooling | Yes |
|---|
Exterior
| Security Features | No |
|---|
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 20468.62 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8N 1G2 |
| Area | Huntington |
| Listing VS Median (in L8N 1G2) | |
Price: $1,488,000 low | high Med: $1,734,000 sqft: 4,844 low | high Med: 4,844 $ / sqft: $307 low | high Med: $358 On site: 19 low | high Med: 122.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8N 1G2 |
| Area | Huntington |
| Listing VS Median (in L8N 1G2) | |
Price: $1,488,000 low | high Med: $1,734,000 sqft: 4,844 low | high Med: 4,844 $ / sqft: $307 low | high Med: $358 On site: 19 low | high Med: 122.5 | |
