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1831 Main ST W Hamilton, ON L8S 1H6
6,300 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $222
Subdivision Ainslie Wood
MLS Listing ID X14121000
Annual Tax Amount $17,848
Tax Year 2026
Property Sub-Type Store W Apt/Office
Property 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.
Location
Province ON
County Hamilton
Area Hamilton
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 55.0
Lot Depth 135.0
Building
Building Age 51-99
Others
Security Features No
ParcelsYN No
Listed by Real Broker Ontario Ltd.