Hamilton, ON L8K 1C4
Welcome to a rare and secure investment opportunity in the heart of Hamilton's dynamic downtown east end! This fully leased mixed-use property features a stable residential unit above a retail storefront, both tenants paying all expenses (TMI, utilities), delivering a truly turnkey, cash-flowing asset. Located on Main St. E, the property enjoys excellent visibility and consistent foot traffic, with the upcoming LRT (Light Rail Transit) stop right in front, further enhancing accessibility and long-term value. With minimal landlord responsibilities, this property offers a hands-off, predictable income stream - ideal for investors seeking stability. The combined rental income generates $46,800/year, with a market cap rate of 5.5%, making this a low-risk, high-appeal asset in a growing market. Whether you're looking to expand your portfolio or acquire a safe, cash-flowing investment in Hamilton, this property represents a unique opportunity to benefit from the city's ongoing growth.
TRREB MLS® Attribution
MLS® X12699224
Listed by RARE REAL ESTATE
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.
Team Filipe · RE/MAX · (647) 210-6070
Est. Monthly Payment
$4,150
/month · $679,920 mortgage
Amortization
Total Interest
$565,132
Total Cost
$1,245,052
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
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RARE REAL ESTATE