$1,190,000

1646 Main Street E

Hamilton ON, L8H 1C6

Description

Licensed 10 Room Lodging/Rooming House + 1 commercial unit. Fully occupied. High Demand from City of Hamilton that can not be met. Upside would be to add meal services to increase revenue and profits. 2,661 square feet + 2,181 square foot basement. Total: 4,842 usable sf. Located beside proposed redevelopment site / proposed Hamilton Light Rail Hub. Attractive VTB 1st mortgage financing available at attractive rates OAC with minimum 15% down. Major internal renovation of kitchen and lower bathroom area. Automatic rent deposits of some tenants from government sponsored programs. Note rooming houses do not fall under the The Tenant Protection Act. A major benefit.

Details

MLS#H4090185
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site53

Features

SQ Feet2,661
Units1
Building(s)1
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Area Information
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8H 1C6
AreaHamilton
Listing VS Median (in L8H 1C6)
Price:
$1,190,000
low | high
Med:
$1,190,000
50% of Average
SqFt:
2,661
low | high
Med:
2,661
50% of Average
$ / SqFt:
$447
low | high
Med:
$447
50% of Average
On Site:
53
low | high
Med:
53
100% of Average
Listing Updated: November 29, 2020 1:12:08 AM PST
John Gallagher LogoMLS Number: H4090185
Listing Provided By:
John Gallagher  of  Cirrius Realty Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Hamilton-Burlington.