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312 Catharine Street N Hamilton, Ontario L8L 4S9

6280 sqft
2 Level, Multi-Unit Central Air Conditioning, Wall Unit Forced Air

$1,485,000

Amazing opportunity to purchase an investment property with a 6.5% cap rate! Two adjoining properties have been merged together to create this unique and prosperous money maker. The main floor is occupied by a well-known neighbourhood bakery which also occupies the North basement for a total rentable area of approximately 4,075 square feet. The commercial unit has a dedicated furnace and central air. The top level on the North side has a 1,848 square foot (approximate) 3 bedroom apartment with updated finishes -Kitchen with granite, stainless appliances, two 3-piece bathrooms, hardwood floor, solid core doors and more. This unit also has a large outdoor terrace, exclusive laundry, exclusive furnace & central air. The top level on the South side has a 1,109 square foot (approximate) 2 bedroom apartment with modern finishes including stainless appliances, updated 4-piece bath, and durable floors. This unit also has its own furnace, central air, exclusive laundry, and storage space in the South basement. Such a great investment with much higher rent potential and located close to the bustling James Street North district. Full property pro forma available. Buyer to due diligence on zoning, taxes, and room sizes. Dont be TOO LATE*! *REG TM. RSA (id:35660)

Property Details

MLS® Number H4097483
Property Type Multi-family
Equipment Type None
Features Paved Driveway
Parking Space Total 4
Rental Equipment Type None

Building

Architectural Style 2 Level, Multi-unit
Basement Development Partially Finished
Basement Type Full (partially Finished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning, Wall Unit
Exterior Finish Brick
Fireplace Present No
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Exterior 6280 Sqft
Size Interior 6280 Sqft
Type Fourplex
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 120 Ft
Size Frontage 45 Ft
Size Irregular 45 X 120
Size Total Text 45 X 120|under 1/2 Acre
Zoning Description D/s-1723

https://www.realtor.ca/real-estate/22805806/312-catharine-street-n-hamilton

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