61 Young Street Hamilton (Corktown), Ontario L8N 1V1
$822,000
This high-exposure corner property offers a low-maintenance investment with strong returns. With two spacious 1-bed apartments on the upper two floors and an established restaurant on the main floor, this high-visibility, high-demand location benefits from immediate proximity to the GO Station, public transit, St. Joseph's Hospital, and multiple new residential developments. The second floor apartment is tenanted and the third floor apartment has been left vacant for the sale process; having also been recently updated with new windows. Despite all rents being below market value, this property is being offered at a 6.5% cap rate (once 2nd floor is tenanted). This is an excellent opportunity to acquire an affordable investment property in the heart of Hamilton's thriving southern downtown area! (id:50787)
Property Details
| MLS® Number | X11999213 |
| Property Type | Retail |
| Community Name | Corktown |
| Amenities Near By | Public Transit |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 2920 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 67 Ft |
| Size Frontage | 22 Ft ,9 In |
| Size Irregular | 22.75 X 67 Ft |
| Size Total Text | 22.75 X 67 Ft |
| Zoning Description | C5 Mixed Use Medium Density |
https://www.realtor.ca/real-estate/27977464/61-young-street-hamilton-corktown-corktown
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March 04 2025 04:25:14
Oakville, Milton & District Real Estate Board
Sotheby's International Realty Canada, Brokerage