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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