Property Details
538-540 Main Street East, Hamilton, ON
Commercial / $1,599,000
Property Details
Hamilton commercial/residential building for sale. Cash flow potential is huge with many opportunities for income generation. Property features 2 buildings: A 5,631sf, 3-storey, 5 bedroom home connected to 2 commercial units: The front unit is approx. 1,000sf perfect for professional offices, retail or hospitality uses. Unit is currently used by the owner as a lounge/library/bar area for entertaining, however it could be made very bright and has excellent signage opportunities and visibility. The rear commercial unit features a 900sf former warehouse space that has been converted to a rec-room for the owners personal use. This space would work well as a shop or warehouse for a tradesperson, or artist studio, among other uses. These 2 units could be easily demised to create separate income generating units and you would still be left with a beautiful 5 bedroom, 5 bath Victorian era home in the middle.  The second building is a 1,853sf fully detached home that features 3 kitchens, 3 bathrooms and 4 bedrooms, all with separate entrances, fully independent of each other. This house offers an excellent opportunity for long or short term rentals, as well as a guest house for visitors. Located in the sought after St. Clair neighborhood and priced to sell, this investment opportunity will not last.  
Zoning
C2
Property Taxes
$6803.48
Land Size
36.42' x 175.0'
Parking
Yes
Floor Plans
Property Features
Corner site
Fully Air Conditioned
Good visual
Public transit
Storage