$499,900

691 Barton Street E

Hamilton ON, L8L 3A5

Description

The seller is in the process of being approved for a grant of up to 30k for improvements to the facade & windows, which may be inherited by the new owner. A great location for a profitable investment property, with live/work potential. High visibility commercial & residential split building. Situated in a prosperous, artistic neighbourhood with many thriving businesses nearby. The two residential units (two bedroom and three bedroom) are tenanted by friendly, long-term tenants. Rent is $1,000 and $900 a month for each unit. The commercial unit (about 550 SF + additional space in the basement) was rented for $850 a month, and the garage/storage area are rented for $300 a month. Parking is available via the rear alley for up to two cars in the concrete driveway and garage. Updated wiring and plumbing. New electrical retrofit (2017) with three panels and meters. New Combi Heater. Taxes are very low ($2,187.05 for 2020). When fully occupied, gross rents are estimated at $3050 per month or $36,600 a year.

Details

MLS#H4086818
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Days On Site26

Features

Story(s)1
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Area Information
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8L 3A5
AreaHamilton
Listing VS Median (in L8L 3A5)
Price:
$499,900
low | high
Med:
$499,900
50% of Average
On Site:
26
low | high
Med:
25
100% of Average
Listing Updated: 09/25/2020
Listing Provided By: Brock Weinberger of Coldwell Banker Community Professionals
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.