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691 Barton Street E Hamilton, Ontario L8L 3A5

2340 sq feet
None

$499,900

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:31087)

Property Details

MLS® Number H4086818
Property Type Retail
Parking Space Total 2

Building

Appliances Refrigerator, Stove
Basement Type None
Cooling Type None
Fire Protection Unknown
Fireplace Present No
Size Interior 2340
Type Commercial Mix
Utility Water Municipal Water, Unknown

Parking

Detached Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 120 Ft
Size Frontage 25 Ft
Size Irregular 25 X 120
Size Total Text 25 X 120|under 1/2 Acre
Zoning Description Ic267

https://www.realtor.ca/real-estate/22300980/691-barton-street-e-hamilton

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