$649,900
Available - For Sale
Listing ID: X14091280
208 Mary Street , Hamilton, L8L 4V8, Hamilton
| Exceptional investment and redevelopment opportunity in Hamilton's Beasley neighbourhood, just steps from the downtown core. Offering approximately 3,642 sq. ft. of total space, this legal, conforming duplex features two beautifully renovated residential suites above approximately 1,660 sq. ft. of main-floor commercial/storage space, offering strong existing income with significant future upside. The property generates approximately $54,600 in annual gross income, with both residential units tenanted and the main floor contributing an additional $1,000/month in storage income. The spacious upper suites feature quartz countertops, modern finishes and impressive open-concept living areas. For investors and developers, the main floor presents a compelling value-add opportunity: the City of Hamilton has Phase 2 of its Mid-Rise Residential Zones Project before Planning Committee, proposing to extend mid-rise residential zoning to additional properties across the urban area and permit greater residential density as-of-right. Secure an income-producing property today while positioning for potential future conversion or redevelopment in one of central Hamilton's evolving neighbourhoods. Buyer to complete their own due diligence regarding zoning, permitted uses and redevelopment potential. |
| Price | $649,900 |
| Taxes: | $8375.66 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 208 Mary Street , Hamilton, L8L 4V8, Hamilton |
| Postal Code: | L8L 4V8 |
| Province/State: | Hamilton |
| Legal Description: | PLAN 287 PT LOT 7 AND RP 62R15940 PART 5 |
| Directions/Cross Streets: | Catherine St N to Robert St to Mary St. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 3642.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | Yes |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
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At a Glance:
| Type: | Com - Investment |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Beasley |
| Tax: | $8,375.66 |
| Fireplace: | N |
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