Active

14 DUKE Street

Hamilton Ontario, L8P1X1

$4,999,900


$503.67 per sqft

Active

9,927 sqft

Commercial

 Courtesy of COSMOPOLITAN REALTY 

CMHC Qualifying Prime Mixed-Use Investment Property Located in High-End South Downtown Durand Neighborhood. Property features luxury residential and Medical Office with former plastic surgery suite, making it an excellent investment opportunity. Offers an excellent CAP rate with substantial net operating income. Vacant possession to achieve highest possible income for residential. Luxury Residential Units (2nd & 3rd floor): 10 turn-key luxury apartments, including 2 bachelor units, 6 one-bedroom units, and 2 two-bedroom units. Ideal rental location for healthcare professionals and professionals commuting to Toronto by GO Train or Bus from station one block south. Medical office: Ground floor commercial space (2,724 SF) currently used as a high-end medical clinic. CMHC Financing: Property qualifies for CMHC financing. Excellent Rental Location: Proximity to major amenities including McMaster University, St. Joseph's Hospital and lots of Medical establishments, and Hamilton GO Station. Potential to convert commercial space into additional residential units, maximizing rental income. Recent upgrades include new AC units, window replacements, fiber optic, electronic access, and upgraded security. With mortgage rates expected to decrease soon, now is the ideal time to secure this fantastic deal. Seize this outstanding investment opportunity in a premium location. (id:41202)

40593709

MLS ID

June 1, 2024

Updated

Map

14 DUKE Street
Hamilton Ontario, L8P1X1

Other Property Details

Garage

No


Parking Total

12


View

No


Pool

No

Courtesy of COSMOPOLITAN REALTY

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