This high-exposure corner property offers a low-maintenance investment with strong returns. With two spacious 1-bed apartments on the upper two floors and an established restaurant on the main floor, this high-visibility, high-demand location benefits from immediate proximity to the GO Station, public transit, St. Joseph's Hospital, and multiple new residential developments. The second floor apartment is tenanted and the third floor apartment has been left vacant for the sale process; having also been recently updated with new windows. Despite all rents being below market value, this property is being offered at a 6.5% cap rate (once 2nd floor is tenanted). This is an excellent opportunity to acquire an affordable investment property in the heart of Hamilton's thriving southern downtown area! (id:51158)
MLS: X11999213 For sale : 61 YOUNG STREET This high-exposure corner property offers a low-maintenance investment with strong returns. With two spacious 1-bed apartments on the upper two floors and an established restaurant on the main floor, this high-visibility, high-demand location benefits from immediate proximity to the GO Station, public transit, St. Joseph’s Hospital, and multiple new residential developments. The second floor apartment is tenanted and the third floor apartment has been left vacant for the sale process; having also been recently updated with new windows. Despite all rents being below market value, this property is being offered at a 6.5% cap rate (once 2nd floor is tenanted). This is an excellent opportunity to acquire an affordable investment property in the heart of Hamilton’s thriving southern downtown area! (id:51158)
| MLS® Number | X11999213 |
| Property Type | Retail |
| Community Name | Corktown |
| Amenities Near By | Public Transit |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 2,920 Ft2 |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 67 Ft |
| Size Frontage | 22 Ft ,9 In |
| Size Irregular | 22.75 X 67 Ft |
| Size Total Text | 22.75 X 67 Ft |
| Zoning Description | C5 Mixed Use Medium Density |
https://www.realtor.ca/real-estate/27977464/61-young-street-hamilton-corktown-corktown
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Toronto, Mississauga, Georgetown, Milton, Acton, Guelph & Rockwood
Tony Sousa | 416-477-2620 | tony@sousasells.ca
I’m on a Mission to raise $10,000 for the Canadian Cancer Society. Losing my mom to Breast Cancer, I’ve made it my mission to help where I can. I do this by donating a portion of my income from home sales to the Canadian Cancer Society in honour of our buyer or seller and friend or family member who referred them. Who do you know that is considering buying or selling a home that you could refer? You can rest assure that not only will they get the award-winning service, but that a portion of the income we receive from the transaction will go toward a very worthy cause.
It’s easy to refer your friends, neighbours, associates or family members considering making a move. Simply call me at 416-477-2620
Be the First to Access to Reduced, Bank Owned, Must Sell, Bank foreclosures, Estate Sales, probate, coming soon and Off-Market Homes For Sales.
