$650,000
Available - For Sale
Listing ID: X12781330
1047 Main Street East , Hamilton, L8M 1N5, Hamilton
| PRICED TO SELL. Fully vacant mixed-use triplex offering a strong live and work plus income investment opportunity with immediate ability to set market rents. The property includes a street-facing main-floor commercial unit, a self-contained rear residential apartment, and a spacious 3-bedroom upper unit, all with separate entrances and over 2,300 sq ft of total space. Flexible C2 zoning supports a range of commercial and residential uses. Recent capital improvements include roof (2024), boiler (2021), new rear deck (2025), renovated bathrooms, updated flooring, and refreshed commercial interiors, reducing near-term capital expenditure. Located on a high-visibility corridor steps to transit, amenities, and long-term area growth with anticipated future LRT connectivity, the property also offers one on-site driveway parking space plus nearby street parking. Projected rents are $4,300 to $5,100 per month with projected NOI of $42,000 to $45,000 annually, making this a flexible asset suitable for investors seeking stable cash flow and long-term appreciation potential. |
| Price | $650,000 |
| Taxes: | $5107.44 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 1047 Main Street East , Hamilton, L8M 1N5, Hamilton |
| Postal Code: | L8M 1N5 |
| Province/State: | Hamilton |
| Legal Description: | PT LT 11, PL 621, AS IN HL219697 ; HAMIL |
| Directions/Cross Streets: | Main Street E and Gage |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Multi-Use |
| Building Percentage: | T |
| Total Area: | 2319.66 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 2060 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 1 |
| Heat Type: | Radiant |
| Central Air Conditioning: | Yes |
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| RE/MAX Icon Realty |
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Freda Ziba
Sales Representative
Dir:
647-997-2120
Bus:
905-764-7111
Fax:
905-764-1274
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Crown Point |
| Tax: | $5,107.44 |
| Baths: | 1 |
| Fireplace: | N |
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