71 Main Street E, Hamilton, ON L8N 1G2

Hamilton L8N 1G2 Ontario

MLS: X12683802

$1,980,000

Added 20 hours ago | For Sale

Listed by: RE/MAX ATRIUM HOME REALTY

About Property

Excellent investment opportunity in the core of Downtown Hamilton. Ideally located along the city's busiest street, offering strong exposure and easy access. Beside McMaster University Downtown Campus, Hamilton GO Centre, colleges, government offices, major banking centres, shopping, and hospitals. Surrounded by numerous newly built and under-construction condominium projects, it ensures strong and consistent demand. Situated in a high-demand area for business and redevelopment. Downtown Central Business zoning permits a wide range of uses. The ground floor is ideal for a takeout restaurant, entertainment use, or professional office. The second floor features several rooms with a kitchen and washroom, suitable for Airbnb or office use. The third and fourth floors have been newly renovated into multiple ensuites with shared kitchen, dining area and laundry facilities for each floor. Ideal for students or professionals. Every floor is separately metered for hydro and gas, allowing efficient utility management. The property is projected to generate approximately $180,000-$220,000 in annual revenue, offering strong cash flow with excellent value-add and redevelopment potential. A rare downtown income-producing opportunity!

Features

  • House Style:Commercial Retail
  • Bathrooms:
  • Land Size: 28.16 X 42.16
  • Water:Municipal
  • Garage Spaces: /Street
  • Driveway:
  • Heating Fuel:
  • Cross Street:Main St. & John St.
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes: $20000
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12683802

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