Incredible Investment Opportunity in this recently renovated income property currently used as a 15 Room Fully Occupied rental. 3 Kitchens, 3 Bathrooms, 3 Laundry Facilities. Incredible Cap Rate & Flexible Close; NET over $75,000 Annually. Zoned C2;Mixed us for both Commercial & Residential so can be converted easily back into a full store front; Easily able to have variance done for C5 as it is surrounded by C5 properties. Confirmed can build UP & OUT. Set up to quickly switch to large triplex if desired with no renovations needed. Presently fully occupied with rents paid in full. Property well maintained and large parking areas on side of building & in rear. Recent renovations include: New Furnace last month, new ceramic tiling, new drywall, new kitchen, new washroom, new flooring, Basement renovated ! Quick close available. (2 A/C Units on Central Air & Furnace Owned)
Address
770 Barton Street E
List Price
$1,250,000
Property Type
Commercial
Type of Dwelling
Investment
Area
Hamilton
Sub-Area
Gibson
County
Hamilton
Bathrooms
3
Lot Depth
105
Lot Type
Building
Lot Size Units
Feet
Lot Width
47
Approx. Age
51 - 99 Years
MLS® Number
X12091467
Listing Brokerage
REVEL REALTY INC.
Postal Code
L8L 3B1
Tax Amount
$4,108.00
Tax Year
2024
Community Features
Major Highway, Public Transit
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
Single Detached
Sewer
Sanitary+Storm