Investment Commercial Building for Sale

MLS# H4008293 Price: $667,500

Generating net income over $42,500, this is an excellent investment property. Cap rate just over 7.6%. Many building updates, including recently renovated, two level, 3 (or 4) bedroom residential suite; a very easy to rent unit. Main floor commercial unit on long term triple net lease, renewal terms and an excellent customer base. Area is growing development and improving property values. Beside planned condo development project, densely populated residential neighbourhood, schools, public parks, and transportation. Excellent opportunity for almost maintenance free ownership; invest and watch the income flow in not out! Seller is motivated, call listing broker for more details.

What's your Walk Score? 74 Very Walkable

What's your Transit Score? 61 Good Transit

Property Details: 108 Cumberland Avenue (near S/E Corner of Cumber )
Listing# 2402


Address 108 Cumberland Avenue
City Hamilton
Cross Streets S/E Corner of Cumber
District Hamilton Centre (22)
Neighbourhood St. Clair / Blakeley (220)
Listing Agents Cameron Nolan / Angela Nolan


Sub Type Investment Price $ 667,500
Lease Rate Per For Sale Location Hamilton
Heating Gas Hot Water Square Footage 2700

Quick Contact

Notice! Information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy we regret that we cannot guarantee it. All information subject to change and/or withdrawal without notice.

RE/MAX Escarpment Realty Inc., Brokerage logo

MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association.
REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate Association and the National Association of REALTORS®.