1831 Main Street W, Hamilton (Ainslie Wood), Ontario

About 1831 Main Street W

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. (id:6289)

More Info on this Ainslie Wood Residential Commercial Mix MLS® listing

1831 Main Street W is a residential commercial mix listing for sale in Hamilton (Ainslie Wood). The MLS® number is X14121000. It covers 6,300 square feet. It's currently listed for $1,399,000. For more details on MLS® X14121000, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This residential commercial mix listing in Ainslie Wood is available now!

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