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About the Listing KW38 - WR60598
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.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating: Natural Gas,Radiant
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2319
- Below Ground Sq Ft: n/a
- Basement: Separate Entrance,Full,Unfinished
- Other: Accessory Apartment,Separate Hydro Meters
- Water: Municipal
Exterior Details
- Lot Description: Place of Worship,Public Transit,School Bus Route,Schools,Shopping Nearby
- Garage Capacity: N/A
- Parking Spaces: 1
- Lot Dimensions: 30.06 x
- Zoning: C2
- Roof: Asphalt Shing
- Others:
- Sewer: Sewer (Municipal)
- Parking Features: Private Drive Single Wide
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 172270119
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
1047 Main St E Hamilton, ON L8M 1N5
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