$799,900

Commercial For Sale In Stipeley, Hamilton, Ontario

$799,900

Property Information:

Investors, don’t miss this turn-key, fully leased mixed-use building generating a solid income with a gross yearly income of $54,000 and approximately $43,000 in net income. Tenants cover all utilities, making this a low-maintenance investment, with the seller only responsible for property taxes, insurance and water heater. The property features a leased storefront on the ground floor, along with a spacious, updated 3-bedroom residential unit upstairs. Over the past 10 years, the building has seen improvements, including a new roof, windows, furnace, and a complete renovation of the upstairs unit. Additionally, there’s parking for five + vehicles, with spots located at both the rear and side of the building, plus a full basement offering extra storage or potential future use. This is an excellent opportunity for investors looking for a property with minimal upkeep and strong rental income. Buyers and agents are advised to verify zoning and room sizes independently. For further details or to schedule a viewing, please contact the listing agent.

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Partial
  • Construction Materials: Aluminum Siding, Brick
  • Floor Space (approx): 2200 Square Feet
  • Lot Depth: 90.78 Feet
  • Lot Features: Irregular Lot, City Lot, High Traffic Area
  • Lot Frontage: 18.16 Feet
  • Road Frontage Type: Municipal Road
  • Water Source: Municipal
  • Zoning: TOC3
  • Sewer: Other
  • No. of Parking Spaces: 5

Courtesy of: RE/MAX Escarpment Realty Inc.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.