41
$1,399,000 Sale
Listed 2 hours ago
1831 Main Street W
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Key Facts
Key facts for 1831 Main Street W
Property Type
Commercial
Parking
None
MLS #
X14121000
Size
-
Basement
-
Listed on
2026-10-27
Lot size
55 x 135.0
Tax
$17,848.17 /yr
Days on Market
0
Approximate Age
51-99
Maintenance Fee
-
Description
Exceptional income-producing mixed-use investment opportunity in Hamilton! This approximately 6,300 sq. ft. property features six residential units alongside commercial space, offering diversified income potential. The investment analysis projects $184,640 in annual gross income, $116,435 in annual ...net operating income (NOI), and an 8.32% capitalization rate. Further income potential includes an estimated $1,400 per month from a proposed basement rental unit, subject to applicable approvals, as well as an agreed $500 increase to the In Bloom commercial lease upon its May 2027 renewal. The property also offers 10 parking spaces, renovated residential apartments, and additional partial renovations in the basement. Conveniently located near public transit, parks, and local amenities, this property presents an attractive opportunity for investors seeking a mixed-use asset with diversified income streams and potential for increased returns.
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Courtesy of: Real Broker Ontario Ltd.