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174 John St S
Hamilton, ON L8N 2C6
Retail Property For Sale

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EXECUTIVE SUMMARY

Rare opportunity to own a prime mixed-use property in the heart of Hamilton, just a 2-minute walk to the GO station, schools, commercial towers, and a thriving residential community. This newly refurbished, four-story (C5-zoned) building offers a lot size of 34.55 ft x 66.00 ft, a total area of 4,582 sq. ft., and includes four residential units and one commercial unit. With a gross income of $170,856, a net operating income (NOI) of over $155,000, and operating expenses under $12,000 per year, this is an exceptional investment opportunity. One unit is currently vacant and available for the buyers use. Flexible ownership options allow you to purchase with the business or simply become a landlord, as one of the sellers is willing to continue operations.
Includes 2 water heaters, 1 commercial and 1 residential - both rented at $40.00 per month. Fire inspection done in 2024. Clean environmental 2024, Flat roof area done in 2023.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,268 SF
Building Class
B
Year Built
1930
Price
$1,374,322 USD
Price Per SF
$260.88 USD
Cap Rate
7.37%
NOI
$101,266 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.37
Lot Size
0.05 AC
Zoning
CD - Commercial
Frontage
86’ on Augusta St

AMENITIES

  • Air Conditioning
  • Listing ID: 32039498

  • Date on Market: 6/6/2024

  • Last Updated:

  • Address: 174 John St S, Hamilton, ON L8N 2C6

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