$1,485,000

312 Catharine Street N

Hamilton ON, L8L 4S9

Description

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

Details

MLS#H4097483
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site61

Features

SQ Feet6,280
Units3
Building(s)1
Loading Form
Loading Form
Area Information
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8L 4S9
AreaHamilton
Listing VS Median (in L8L 4S9)
Price:
$1,485,000
low | high
Med:
$1,485,000
50% of Average
SqFt:
6,280
low | high
Med:
6,280
50% of Average
$ / SqFt:
$236
low | high
Med:
$236
50% of Average
On Site:
61
low | high
Med:
61
100% of Average
Sourced by Back At You
Listing Updated: April 11, 2021 8:02:15 PM PDT
Drew Woolcott LogoMLS Number: H4097483
Listing Provided By:
Drew Woolcott  of  RE MAX Escarpment Woolcott 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.