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Key Details
Sold Price $2,600,000
Property Type Commercial
Sub Type Investment
Listing Status Sold
Purchase Type For Sale
Square Footage 10,481 sqft
Price per Sqft $248
MLS Listing ID 40375649
Annual Tax Amount $12,651
Property Description
Now 100% leased with an exceedingly strong 6.25% Cap rate, this is a fantastic investment property at the increasingly-desirable Barton/Sherman hub! Completely rebuilt only five years ago, this building is in excellent shape and offers very strong cashflow. The parcel is comprised of six 2 & 3 bedroom residential units plus three large commercial/retail units on excellent, long leases with great tenants, with a large paved 14-car parking lot. All units have individual meters, tankless water heaters, HVAC, and in-suite laundry. Home to the Barton St BIA and landmark Hendry's Barbershop (with recently restored iconic sign), this property is a both piece of Hamilton's history and a tremendous investment for the future.
Location
Province ON
County Hamilton
Area 20 - Hamilton Centre
Zoning C5 - Mixed Use Medium Density
Rooms
Kitchen 0
Interior
Heating Forced Air
Cooling Central Air
Laundry In-Suite, Multiple Locations
Exterior
Garage Exclusive
Waterfront No
Building
Lot Description Ample Parking, City Lot, High Traffic Area, Public Parking, Public Transit, Visual Exposure
Story 3
Foundation Stone
Sewer Sanitary
Water Municipal-Metered
Structure Type Brick, Wood Siding
New Construction No
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