1831 MAIN STREET W

Exceptional income-producing mixed-use investment opportunity in Hamilton! This approximately 6,300 sq. ft. property features six residential units alongside commercial space, offering diversified income potential. The investment analysis projects $184,640 in annual gross income, $116,435 in annual net operating income (NOI), and an 8.32% capitalization rate. Further income potential includes an estimated $1,400 per month from a proposed basement rental unit, subject to applicable approvals, as well as an agreed $500 increase to the In Bloom commercial lease upon its May 2027 renewal. The property also offers 10 parking spaces, renovated residential apartments, and additional partial renovations in the basement. Conveniently located near public transit, parks, and local amenities, this property presents an attractive opportunity for investors seeking a mixed-use asset with diversified income streams and potential for increased returns. (id:27)

• Lot Frontage: 55 Feet
• Lot Depth: 135 Feet
• Lot Size: Bldg=55 x 135 FT
• Floor Space (approx): 6300 Square Feet
• No. of Parking Spaces: 10
• Zoning: C2
• Amenities Nearby: Public Transit
• Property Type: Retail
• Style: Retail
• Building Type: Residential Commercial Mix
• Cooling Type: Fully air conditioned
• Heating Type: Other
• Neighbourhood Ainslie Wood
• No. of Parking Spaces 10
• Zoning Type C2
• Lot Size Bldg=55 x 135 FT
• Lot Frontage 55 FEET
• Lot Depth 135 FEET
• Floor Space 6300 FEETSQ
• Water Municipal water