Licensed 10 Room Lodging/Rooming House + 1 commercial unit. Fully occupied. High Demand from City of Hamilton that can not be met. Upside would be to add meal services to increase revenue and profits. 2,661 square feet + 2,181 square foot basement. Total: 4,842 usable sf. Located beside proposed redevelopment site / proposed Hamilton Light Rail Hub. Attractive VTB 1st mortgage financing available at attractive rates OAC with minimum 15% down. Complete Kitchen Redone Feb. 2021. New Furnace and Air conditioning 2021. Room & Bathroom upgrades 2021. Automatic rent deposits of some tenants from government sponsored programs. Revenue:$8,800/month , Insurance:$210/month, Prop tax $325/month, Hydro $325/month, Gas $150/month
MLS# | H4090185 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Days On Site | 187 |
SQ Feet | 2,661 |
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Units | 1 |
Building(s) | 1 |
Area Information | |
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Province | ON |
County | Hamilton |
City | Hamilton |
Postal Code | L8H 1C6 |
Area | Hamilton |
Listing VS Median (in L8H 1C6) | |
Price: $1,400,000 low | high Med: $1,400,000 SqFt: 2,661 low | high Med: 2,661 $ / SqFt: $526 low | high Med: $526 On Site: 187 low | high Med: 103.5 Sourced by Back At You |