$2,100,000
Available - For Sale
Listing ID: X11945610
174 John St South , Hamilton, L8N 2C6, Ontario


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.
Extras:   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.
Price $2,100,000
Taxes: $12117.17
Tax Type: Annual
Occupancy by: Tenant
Address: 174 John St South , Hamilton, L8N 2C6, Ontario
Postal Code: L8N 2C6
Province/State: Ontario
Lot Size: 66.13 x 34.62 (Feet)
Directions/Cross Streets: John St S / Augusta
Category: Store With Apt/Office
Building Percentage: Y
Total Area: 5079.00
Total Area Code:  Sq Ft
Office/Appartment Area: 3015
Office/Appartment Area Code: Sq Ft
Retail Area: 2064
Retail Area Code: Sq Ft
Area Influences: Public Transit   Rec Centre
Days Open: 7
Sprinklers: N
Washrooms: 7
Heat Type: Baseboard
Central Air Conditioning: N
Water: Municipal
Schools

6 public & 4 Catholic schools serve this home. Of these, 9 have catchments. There are 2 private schools nearby.

Parks & Rec

3 playgrounds, 3 sports fields and 4 other facilities are within a 20 min walk of this home.

Transit

Street transit stop less than a 1 min walk away. Rail transit stop less than 1 km away.

$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $14,950 $29,900 $44,850 $59,800
First Mortgage $284,050 $269,100 $254,150 $239,200
CMHC/GE $11,362 $8,342.1 $7,116.2 $0
Total Financing $295,412 $277,442.1 $261,266.2 $239,200
Monthly P&I $1,457.8 $1,369.13 $1,289.3 $1,180.41
Expenses $0 $0 $0 $0
Total Payment $1,457.8 $1,369.13 $1,289.3 $1,180.41
Income Required $54,667.68 $51,342.25 $48,348.8 $44,265.33

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
$737.76
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE WEST REALTY GROUP LTD.
Personal Picture
Hamid-Reza Danaie
Broker
Dir:
416-904-7200
Bus:
905-889-2200
Fax:
905-889-3322
 
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At a Glance:
Type: Com - Store W/Apt/Office
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Corktown
Style:
Lot Size: 66.13 x 34.62(Feet)
Approximate Age:
Tax: $12,117.17
Maintenance Fee: $0
Beds:
Baths: 7
Garage: 0
Fireplace:
Air Conditioning:
Pool:
Locatin Map:
Payment Calculator:
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