$1,325,000

16 Strathcona Avenue S

Hamilton ON, L8P 4H9

Description

This clean, well-maintained investment property offers significant positive cashflow (Gross of well over $5000/month), with the added benefit of a rare and valuable zoning exception that allows for up to five residential units on the site. Comes with completed architect plans for development of a large addition to the building that could see property income easily triple. Project has broad community support and had conditional site plan approval already in place. Situated on beautiful Strathcona Avenue between Main West and King West, the location and rentability of this property is second to none. This large brick building offers four floors of rental rooms and common washrooms in excellent shape; regularly updated by long-term, hands-on owners. Well-equipped with commercial fire alarm system, basement walk-out and more. This is a great opportunity to purchase a strong cashflow with excellent tenants and a turnkey development project at the same time. Call today for a tour of this exceptional property!

Details

MLS#40096635
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site27

Features

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Area Information
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8P 4H9
Area10 - Hamilton West
Listing VS Median (in L8P 4H9)
Price:
$1,325,000
low | high
Med:
$1,325,000
50% of Average
On Site:
27
low | high
Med:
27
100% of Average
Sourced by Back At You
Listing Updated: May 10, 2021 8:00:52 PM PDT
Martinus Geleynse LogoMLS Number: 40096635
Listing Provided By:
Martinus Geleynse  of  Sothebys International Realty Canada Brokerage
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