312 Catharine Street N Hamilton, Ontario L8L 4S9
$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 Interior | 6280 |
| 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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REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Woolcott Realty Inc.
February 10 2021 11:09:23
