$599,900

1108 Cannon Street E

Hamilton ON, L8L 2J6

Description

Solid brick, mixed use retail store front (possible du-plex conversion) & 2nd floor nicely appointed 2 Bedroom + 1 Bathroom apartment generating $1,800.00 per month inclusive of utilities, (Tenant would like to stay, but vacant possession is also possible). 2 separate furnaces, & 2 separate entrances at front & 2 separate rear exits. Approximately 2000 sq. ft., in total plus full Basement (As per Seller). Building has had extensive renovations & improvements to both the retail area & residential apartment. Retail area is unoccupied but could be easily rented & would cash flow nicely for Investment purposes & is equipped with full Kitchen and 3 piece Bath including Shower. Clean Basement with high ceilings & 2 piece bathroom & an open slate for storage or additional living space or design accordingly. Perfect live/work scenario or Investment vehicle. Main floor retail has many possible uses & has COVID precautions & plexi-glass partition wall already in place limiting customer contact. Current set-up would easily support cheque cashing franchise, Legally Licensed Cannabis Store, Pawn Shop, Jewelry Store etc... All windows & door openings have auto remote retractable metal window shutters for added security. Submit Covid questionnaire to Listing Broker prior to any showings. Allow 24 hr notice for Res Tenant notification on @nd floor. 1% + HST REDUCTION TO COOPERATING BROKER COMMISSION IF BUYER (OR BUYER'S FAMILY) IS SHOWN BY LISTING BROKERAGE AND THEN BRINGS SUCCESSFUL OFFER.

Details

MLS#H4089475
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Days On Site20

Features

SQ Feet2,000
Story(s)1
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Area Information
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8L 2J6
AreaHamilton
Listing VS Median (in L8L 2J6)
Price:
$599,900
low | high
Med:
$599,900
50% of Average
SqFt:
2,000
low | high
Med:
2,000
50% of Average
$ / SqFt:
$300
low | high
Med:
$300
50% of Average
On Site:
20
low | high
Med:
20
100% of Average
Listing Updated: 10/27/2020
Vincent R. Formosi LogoMLS Number: H4089475
Listing Provided By:
Vincent R. Formosi  of  RE MAX Escarpment Realty Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Hamilton-Burlington.