$615,000
Available - For Sale
Listing ID: X12901830
1047 Main Street East , Hamilton, L8M 1N5, Hamilton
| PRICED TO SELL! Fully Vacant Mixed-Use Triplex. Exceptional live-work-invest opportunity with immediate ability to set market rents. This versatile property offers over 2,300 sq ft of total space and includes a street-facing main floor commercial unit, a self-contained rear residential apartment, and a spacious 3-bedroom upper unit, all with separate entrances for added flexibility. Flexible C2 zoning permits a wide range of commercial and residential uses, making it ideal for investors, entrepreneurs, or owner-operators looking to run a business while generating rental income. Recent capital improvements include roof (2024), boiler (2021), new rear deck (2025), renovated bathrooms, updated flooring, and refreshed commercial interiors, helping reduce near-term capital expenses. Located along a high-visibility corridor just steps to transit, amenities, and everyday conveniences, with strong long-term growth potential and anticipated future LRT connectivity. The property also offers one driveway parking space plus convenient nearby street parking. Projected rents of $4,300-$5,100/month with an estimated NOI of $42,000-$45,000 annually, making this a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation. |
| Price | $615,000 |
| Taxes: | $5107.44 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 1047 Main Street East , Hamilton, L8M 1N5, Hamilton |
| Postal Code: | L8M 1N5 |
| Province/State: | Hamilton |
| Legal Description: | PT LT 11, PL 621, AS IN HL219697 ; HAMIL |
| Directions/Cross Streets: | Main Street E and Gage Ave |
| 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 |
| Category: | Multi-Use |
| Building Percentage: | T |
| Total Area: | 2319.66 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 2060 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 1 |
| Heat Type: | Radiant |
| Central Air Conditioning: | Yes |
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| RE/MAX Icon Realty |
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HANIF ARKIAN
Broker
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Crown Point |
| Tax: | $5,107.44 |
| Baths: | 1 |
| Fireplace: | N |
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