ON
Hamilton
L8M1N5
1047 MAIN E Street
1047 MAIN E Street, Hamilton, ON L8M1N5
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Listing Type
Multi Family
Listing Status
Active
49
$615,000

Home Details for 1047 MAIN E Street

Price
$615,000
Type
Residential Income
Bedrooms
4
Total Bathrooms
2
Listing #
40812603
Property Description

PRICED TO SELL - Fully Vacant Mixed-Use Triplex. Exceptional live-work-invest opportunity with immediate ability to set market rents. This versatile property offers over 2,300 sq ft of total space and includes a street-facing main floor commercial unit, a self-contained rear residential apartment, and a spacious 3-bedroom upper unit, all with separate entrances for added flexibility. Flexible C2 zoning permits a wide range of commercial and residential uses, making it ideal for investors, entrepreneurs, or owner-operators looking to run a business while generating rental income. Recent capital improvements include roof (2024), boiler (2021), new rear deck (2025), renovated bathrooms, updated flooring, and refreshed commercial interiors, helping reduce near-term capital expenses. Located along a high-visibility corridor just steps to transit, amenities, and everyday conveniences, with strong long-term growth potential and anticipated future LRT connectivity. The property also offers one driveway parking space plus convenient nearby street parking. Projected rents of $4,300-$5,100/month with an estimated NOI of $42,000-$45,000 annually, making this a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation. (id:31684)

Property Features
  • Heating Information
    • Natural Gas
    • Radiant
  • Cooling Information
    • Wall Unit(s)
Listing Courtesy: Re/Max Icon Realty
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EXIT REALTY CONNECT, BROKERAGE
101-310 Main Street E, Milton, ON L9T 1P4
Paul Dion
License #: 5030680
Sales Representative
Office
289 627 7755
Agent
613 293 3337
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