Price Reduction
Address
691 BARTON Street E Hamilton, ON
Price
$ 479,900
Property Attributes
  • MLS#H4086818
  • TypeCommercial
  • CityHamilton
  • NeighbourhoodStipeley
  • Postal CodeL8L 3A5
  • StyleCommercial Mix
  • Price$ 479,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2340
  • Lot Size3,000 SqFt
Listing Provided Courtesy Of:
Coldwell Banker Community Professionals
Property Description

The seller is in the process of being approved for a grant of up to 30k for improvements to the facade & windows, which may be inherited by the new owner. A great location for a profitable investment property, with live/work potential. High visibility commercial & residential split building. Situated in a prosperous, artistic neighbourhood with many thriving businesses nearby. The two residential units (two bedroom and three bedroom) are tenanted by friendly, long-term tenants. Rent is $1,000 and $900 a month for each unit. The commercial unit (about 550 SF + additional space in the basement) was rented for $850 a month, and the garage/storage area are rented for $300 a month. Parking is available via the rear alley for up to two cars in the concrete driveway and garage. Updated wiring and plumbing. New electrical retrofit (2017) with three panels and meters. New Combi Heater. Taxes are very low ($2,187.05 for 2020). When fully occupied, gross rents are estimated at $3050 per month or $36,600 a year. (id:27)

Price History
9/1/2020 Listed $499,900
10/2/2020 5% - $479,900

General Features

Appliances Refrigerator, Stove
Building Type Commercial Mix
Garage no
Listing Type Commercial
Location Description URBAN
Parking no
Property Type Retail
Sewer Sanitary sewer
Terms SALE
Wheel Chair Access no

Interior Features

Basement Type None
Cooling Type None
Fireplace no

Exterior Features

Lot Frontage 25.0
Lot Size 25 x 120
Parking Type Detached garage
Pool Y/N no

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in L8L 3A5

Price
AVG $460K
$480K
Visits
AVG 3
22
Walkscore
AVG 62
62
Data Provided by Walkscore ® not using MLS data

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