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Commercial listings / Mixed-use / For sale

1831 Main Street W, Hamilton, ON L8S 1H6

$1,399,000

1831 Main Street W, Hamilton, ON L8S 1H6, photo 11831 Main Street W, Hamilton, ON L8S 1H6, photo 21831 Main Street W, Hamilton, ON L8S 1H6, photo 31831 Main Street W, Hamilton, ON L8S 1H6, photo 41831 Main Street W, Hamilton, ON L8S 1H6, photo 51831 Main Street W, Hamilton, ON L8S 1H6, photo 6
Property type
Mixed-use (Store W Apt/Office)
Transaction
For sale
Location
Hamilton, Hamilton
Building area
6,300 Square Feet
MLS® number
X14121000

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.

Listing brokerage: Real Broker Ontario Ltd.

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