New Listing208 Mary Street,Hamilton (Beasley), ON L8L4V8
Hamilton (Beasley), ON L8L4V8
Description
Exceptional investment and redevelopment opportunity in Hamilton's Beasley neighbourhood, just steps from the downtown core. Offering approximately 3,642 sq. ft. of total space, this legal, conforming duplex features two beautifully renovated residential suites above approximately 1,660 sq. ft. of main-floor commercial/storage space, offering strong existing income with significant future upside. The property generates approximately $54,600 in annual gross income, with both residential units tenanted and the main floor contributing an additional $1,000/month in storage income. The spacious upper suites feature quartz countertops, modern finishes and impressive open-concept living areas. For investors and developers, the main floor presents a compelling value-add opportunity: the City of Hamilton has Phase 2 of its Mid-Rise Residential Zones Project before Planning Committee, proposing to extend mid-rise residential zoning to additional properties across the urban area and permit greater residential density as-of-right. Secure an income-producing property today while positioning for potential future conversion or redevelopment in one of central Hamilton's evolving neighbourhoods. Buyer to complete their own due diligence regarding zoning, permitted uses and redevelopment potential. (id:13843)
Details
| MLS # | X14091280 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 5 |
| Listing Provided By | REAL BROKER ONTARIO LTD. | JUAN JOSE GUTIERREZ PINEDA |
Features
| SQ Feet | 3,642 |
|---|---|
| Zoning | D/S-378 |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Other |
| Fireplace Yes / No | No |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 8375.66 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Hamilton (Beasley) |
| Postal Code | L8L4V8 |
| Listing VS Median (in L8L4V8) | |
Price: $649,900 low | high Med: $649,900 sqft: 3,642 low | high Med: 3,642 $ / sqft: $178 low | high Med: $178 On site: 5 low | high Med: 5.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Hamilton (Beasley) |
| Postal Code | L8L4V8 |
| Listing VS Median (in L8L4V8) | |
Price: $649,900 low | high Med: $649,900 sqft: 3,642 low | high Med: 3,642 $ / sqft: $178 low | high Med: $178 On site: 5 low | high Med: 5.5 | |
