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$650,000
Available - For Sale
Listing ID: X12781330
PRICED TO SELL. Fully vacant mixed-use triplex offering a strong live and work plus income investment opportunity with immediate ability to set market rents. The property includes a street-facing main-floor commercial unit, a self-contained rear residential apartment, and a spacious 3-bedroom upper unit, all with separate entrances and over 2,300 sq ft of total space. Flexible C2 zoning supports a range of commercial and residential uses. Recent capital improvements include roof (2024), boiler (2021), new rear deck (2025), renovated bathrooms, updated flooring, and refreshed commercial interiors, reducing near-term capital expenditure. Located on a high-visibility corridor steps to transit, amenities, and long-term area growth with anticipated future LRT connectivity, the property also offers one on-site driveway parking space plus nearby street parking. Projected rents are $4,300 to $5,100 per month with projected NOI of $42,000 to $45,000 annually, making this a flexible asset suitable for investors seeking stable cash flow and long-term appreciation potential.
Price $650,000
Taxes: $5,107.44
Tax Type: Annual
Occupancy by: Vacant
Address: 1047 Main Street East , Hamilton, L8M 1N5, Hamilton
Postal Code: L8M 1N5
Province/State: Hamilton
Legal Description: PT LT 11, PL 621, AS IN HL219697 ; HAMIL
Directions/Cross Streets: Main Street E and Gage
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Category: Multi-Use
Building Percentage: T
Total Area: 2,319.66
Total Area Code:  Square Feet
Office/Appartment Area: 2060
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Maintenance: 0
Sprinklers: No
Heat Type: Radiant
Central Air Conditioning: Yes
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RE/MAX Icon Realty

1047 Main Street East , Hamilton, L8M 1N5, Hamilton

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Maria Tompson
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At a Glance:
Type: Com - Commercial Retail
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Crown Point
Style:
Lot Size: x 110.00(Acres)
Approximate Age:
Tax: $5,107.44
Maintenance Fee: $0
Beds: 0
Baths: 1
Garage: 0
Fireplace: N
Air Conditioning:
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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