| Message Number | 390852 | ||||||
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| status | Sold | ||||||
| Subject Line | Hamilton South East near Delta High. Mixed Use Res/Com. 3 units. Needs work. Priced better than accordingly at $299,000. 50% LTV VTB available OAC. | ||||||
| Business area |
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| Location, City | Hamilton | ||||||
| Have/Want | Have | ||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments | ||||||
| Date of Listing | July 27 2020 | ||||||
| Type Description | Mixed Use or Live Work / 2 residential 1 commercial | ||||||
| Location | Hamilton | ||||||
| Price | $299,000.00 | ||||||
| Price Comment | Priced to Sell Fast | ||||||
| Size | 1x2 bedroom, 1x1 bedroom, 440 sq ft storefront | ||||||
| Building area | 2000 | ||||||
| Site area | 2,700 square feet | ||||||
| Zoning | commercial and residential mix | ||||||
| Gross Income | Vacant - Market rent potential about $42k-$48k yr | ||||||
| Comments | Mixed Use Commercial & Residential. 3 units. Needs work. Priced better than accordingly at $299,000. 50% VTB @ 4% OAC.
Building is 2.5 storey brick home divided into 2 units with a concrete block addition at the front used for medical office. House part is zoned residential front part commercial. 2 power meters - one for the residential other for commercial. Fire escapes in place. Building is tired and needs work. New roof being installed April 2020. Once improved market rent for 2 bedroom apt is approx. $1,600-$1,800 monthly, 1 bed $1,100-$1,200, comm - $21psf. |
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| Internet Links | |||||||
| Member Identifier | 555 | ||||||
| Client Details | Passive Investor | ||||||
| Client Situation | Entity Disolution | ||||||
| Motivation Rating | Part Paper/Cash | ||||||
| Explain Client's Motivation | Retiring. | ||||||
| Broker's Recommendation | Call more available | ||||||
| Control | Exclusive | ||||||
| Name | John Gallagher | ||||||
| Title | Broker | ||||||
| Company Name | Cirrius Realty Inc., Brokerage | ||||||
| Address Line One | 2828 King Street East | ||||||
| City | Hamilton | ||||||
| State/Province | Ontario | ||||||
| Zip/Postal Code | L8G 1J5 | ||||||
| Country | Canada | ||||||
| Business Phone Number | (905)481-3206x242 | ||||||
| Cell Number | 647-931-6562 | ||||||
| Home Number | 905-581-7778 | ||||||
| FAX Number | 905-481-3207 | ||||||
| Email Address | Send Email | ||||||
| Home Page | Home Page |
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