For Sale

1123 Main Street, Hamilton (Crown Point), Ontario L8M1P2

$1,599,000

1123 Main Street, Hamilton (Crown Point), Ontario L8M1P2 is For Sale and has a listing price of 1,599,000. The property is located in the Crown Point West neighbourhood. It's been on the website for 61 Days.

  • Multi-family
    Property Type
  • Multi-family
    Building Type
  • MLS ID: X9511806
  • Office Name CENTURY 21 BEST SELLERS LTD.,CENTURY 21 BEST SELLE
Property Description

This Rare Mixed-Use, Multi-Unit Property At 1123 Main St East Offers An Exceptional Investment Opportunity In One Of Hamilton’s Busiest Areas. Featuring Four Residential Units (Two 2-Bedroom And Two 3-Bedroom), Alongside A Long-Standing Retail Tenant, This Fully Tenanted Building Promises A Strong And Stable Income Stream. Recent Upgrades And Meticulous Maintenance Make This A Low-Hassle Investment, While Its Proximity To McMaster University And Mohawk College Ensures Steady Demand From A Wide Tenant Pool. With A Cap Rate Nearing 8%, This Property Stands Out As A High-Yield Asset, With Significant Potential To Increase Income By Adding More Units Or Enhancing Existing Spaces. This Is An Unparalleled Opportunity To Secure A Property That Combines Immediate Income Potential With Room For Long-Term Growth. (id:43137)

Property Details
  • MLS ID: X9511806
  • Price: $1,599,000
  • Transaction Types: For Sale
  • Ref ID: 27583460
  • Year Built: N/A
  • Building Type: Multi-family
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
10/25/2024 X9511806 $1,599,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Crown Point West
  • $671,756 Average List Price
    based on 1 year
  • 12 New Listings
    based on 30 days
  • 61 Median Days on Market
    based on 1 year
  • List vs. Selling Price 0.54 % Below
  • Sold (12mo) 43
  • Rented (12mo) 16

  • 1 Month Change +75.4%
  • 3 Month Change +81.7%
  • 6 Month Change +81.8%
Walkscore
  • 92 Walk Score
    Walker's Paradise
  • 60 Transit Score
    Good Transit
  • 70 Bike Score
    Very Bikeable
Property Type Distribution
  • All Houses
    80.61%
  • Commercial
    13.87%
  • Condo
    5.2%
  • Land for Sale
    0.33%
Additional Details
  • Heating System Radiant Heat
  • Water Municipal Water
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 25/10/2024 00:00:00
  • Zoning Mix Use
  • Agent Name: AMAAN RANA,TOM MARASOVIC
  • Last Updated: 09/12/2024 22:40:06
Open House Dates
Want to see this property?