Rare opportunity to own a prime mixed-use property in the heart of Hamilton, ideally situated at the corner of John St S and Augusta St, just a 2-minute walk to the GO Station, schools, commercial towers, and a thriving residential community. This newly refurbished four-storey offers a total of 4,582 sq. ft. It includes four residential units and one commercial unit. The residential suites are spacious and full of character, including one impressive two-storey loft. The commercial unit features a fully operational kitchen, bar, and a fully licensed patio, making it ideal for continued hospitality use or a variety of business concepts. With a gross income of $175,000, a net operating income (NOI) exceeding $140,000, and annual operating expenses under $30,000, this property presents an exceptional investment opportunity. The building is fully occupied and operates independently, offering a highly passive income stream that can also be easily managed in-house if desired. Flexible ownership options allow you to purchase with the business or simply as a landlord, as one of the sellers is willing to continue operations. Don't miss this rare, turnkey investment in one of Hamilton's most sought-after locations.
Property Type:
Commercial
Property Sub Type:
Store W Apt/Office
Freestanding:
Yes
Total Area:
5079 sq. ft. Square Feet
Total Area:
5,079 sq. ft.472 m2
Retail Area:
2064 sq. ft. Sq Ft
Office/Apt Area:
3015 sq. ft. Sq Ft
Lot Depth:
34'7½"10.6 m
Lot Frontage:
66'1½"20.2 m
Bathrooms:
7.0
Water supply:
Municipal
Zoning:
C5
Heating type:
Baseboard
Garage:
None
Possession Details:
Flex
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$12,117.17 /
2025
Assessment:
$- /
-
Hamilton
Hamilton
Corktown
Public Transit, Recreation/Community Centre
No
2 HWT
All existing appliances and chattels owned by the landlord but having to do with the business.
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