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Currently operating as a Dental Office & Denture Centre with 3 additional private residential apartments. Zoning allows for a versatile array of uses for main floor office space. Modern layout and high quality finishes throughout. No need to deal with below market rents since residential units are readily vacant and meticulously taken care of. Tremendous upside potential for savvy investors offering a 5.81% cap rate at full capacity. Alternatively, the ideal investment for professionals seeking to open their own practice benefiting with a combined work and live-in space. Stand out in your industry as you mitigate overhead operating costs while maximizing the rental income potential. Drastically eliminate your commute time while increasing efficiency and quality of life. Convenient location with simple public transit accessibility. Strategic corner lot allows for enhanced visibility for high foot traffic directly off Yonge St. Private driveway allows for 12 vehicle parking spaces in tandem with the potential to expand. Oversized garage allows for additional parking / storage space or possible conversion. Truly an exceptional opportunity to enhance your real estate portfolio and fast track your success! **EXTRAS** 1st Floor fully equipped dental office designed to accommodate wide range of dental services. 2nd Floor apartment: spacious 3 bed unit w/ massive loft. Basement: 1 bed & bachelor unit. 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Description
Three-storey mixed-use building featuring two retail units on the main floor (1,500 sq. ft. each) and seven residential apartments above. The frame construction is in good condition, with many recent updates and renovated units. The residential mix includes 1 bachelor, 4 one-bedroom, and 2 two-bedroom apartments. Strong existing cash flow with reliable, long-term tenants. The ground-floor retail units have been occupied by established businesses for decades. Excellent opportunity for first-time investors, with approximately 30% upside potential in rental income
Details
MLS® Number
X12040770
X12040770
Property Size
4784 Sqft
4784 Sqft
Additional details
- Utilities: Yes
- Cooling: Partial
- County: Hamilton
- Property Type: Commercial Sale
- Community Features: Public Transit
Address
- Address 754 Main E Street
- City Hamilton
- State/county ON
- Zip/Postal Code L8M 1L1
- Country CA