Investment Commercial Building for Sale

MLS# H4117295 Price: $979,999




Property Description

Approximately 3842 sq. ft., approximately (as per BOMA measurement), 3 Unit Mixed use building with Commercial Storefront (Currently used as and rented to a Catering Company with huge Commercial Kitchen) and 2-1 Bedroom Residential apartments on 2nd level. Main floor Lease $3,500.00 per month plus HST + utilities, (New 4 year Lease + options to be executed prior to closing) 2nd Floor Apt 1 - $1,300.00 + utilities, Apt #2 - $1,200.00 + utilities. (No pictures of Apartment Units, due to tenants refusal) Total annual Gross income projected income to be $72,000.00 + HST for Main level Commercial. Roof 2019, 2 Hot water Tanks (owned). This building has two parking spots & very high visibility and exposure due to the heavy vehicular traffic flow on this very busy East end artery. Building has 600 Amp service available but downsized as was not needed. 1% + HST reduction applied to the Cooperating Brokerage Commission if the Listing Broker shows the property to a Buyer, who is successful in completion of the transaction. 24hr notice for showings. Attach Sched "B" and form 801 to all Offers. All Covid protocols in place.

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What's your Walk Score? 64 Somewhat Walkable

What's your Transit Score? 59 Good Transit

Property Details: 30 PARKDALE Avenue N (near Main Street East )
Listing# 44364


Location

Address 30 PARKDALE Avenue N
City Hamilton
Cross Streets Main Street East
District Hamilton East (23)
Neighbourhood McQuesten (233)
Listing Agent Vincent Formosi

Description

Sub Type Investment Price $ 979,999
Lease Rate Per For Sale Location Hamilton
Heating Electric Forced Air
Gas Forced Air Closed
Square Footage 3842

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