72 George Street Home For Sale Hamilton, Ontario L8P 1C9
H4146333
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$1,099,000
Great 5-Plex mixed use building D3 Zoning located in the Downtown Core just outside of Hess Village. Square Footage according to Seller approximately 2920. Commercial space on main floor currently vacant but many options available for retail/restaurant/office and more.... Rare 5 car parking in the rear of building. Gross monthly potential rent of $8,050.00 and annual projected GROSS income of $96,600.00. 1-Bed $1,350.00 (Actual), 1-Bed (Basement) $1,450.00 (Actual) 1-Studio/Bach - $1,000.00 (Actual) 1-Bed Loft - $1,250.00 (Actual), 1-Commercial $3,000.00 + HST ( Vacant & Projected) or potential to sub-divide main floor unit into 2 Bach/Studio suites. 3 out of 4 Res Rents paid directly by the Government. *UTILITIES PAID BY LANDLORD. Some units have had some major updates. Retail main floor currently vacant but could be great for owner/operator live/work scenario or easily rented. Expenses: Taxes: $4,258.75 (2022), Utilities: $5,428.96 (Annual Hydro, Gas + Water -Estimated), Insurance: $3,000.00(approx). Net: $83,912.29 (Projected), a healthy Cap Rate: 7.6% (Projected). *East side Stucco wall to be repaired under pending Insurnance claim. Allow 24 Hours for viewings & irrevocability. * Some Residential units are not accessible until accepted Offer due to Tenant refusal for showings. Buyer to perform own "Due Diligence" regarding zoning and allowable uses. Selling "as is", "where is". (id:35167)
Business
| Business Type | Other |
Property Details
| MLS® Number | H4146333 |
| Property Type | Other |
| Amenities Near By | Public Transit, Recreation |
| Community Features | Community Centre |
| Parking Space Total | 5 |
Building
| Appliances | Refrigerator, Stove |
| Cooling Type | None |
| Fire Protection | Smoke Detectors |
| Heating Type | Forced Air |
| Size Exterior | 2920 Sqft |
| Size Interior | 2920 Sqft |
| Utility Water | Municipal Water |
Parking
| Visitor Parking |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Public Transit, Recreation |
| Sewer | Sanitary Sewer, Storm Sewer |
| Size Depth | 95 Ft |
| Size Frontage | 23 Ft |
| Size Irregular | 23 X 95 |
| Size Total Text | 23 X 95 |
| Zoning Description | D3 |
https://www.realtor.ca/real-estate/24927623/72-george-street-hamilton
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October 05 2022 05:08:38
REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Realty Inc.
