1047 Main Street E, Hamilton, ON L8M 1N5

Hamilton L8M 1N5 Ontario

MLS: X12781330

$650,000

Added 9 days ago | For Sale

Listed by: RE/MAX Icon Realty

About Property

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.

Features

  • House Style:Commercial Retail
  • Bathrooms:1
  • Land Size: 30 X 110
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Main Street E and Gage
  • Basement: ,
  • Possession Date:Immediate
  • Annual Property taxes: $5107.44
  • Bedrooms:
  • Total Parking Spaces:1
  • Parking Places:1
  • Heating Type:Radiant
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12781330

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