14 Duke Street Hamilton, Ontario L8P 1X1
$4,999,900
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:50877)
Property Details
| MLS® Number | 40593709 |
| Property Type | Office |
| Amenities Near By | Hospital, Public Transit |
| Community Features | High Traffic Area |
| Parking Space Total | 12 |
Building
| Basement Type | Full |
| Stories Total | 3 |
| Size Exterior | 9927.0000 |
| Size Interior | 9927 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Hospital, Public Transit |
| Size Depth | 150 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | E-1/s-704 & E-1/s-704a |
https://www.realtor.ca/real-estate/26941295/14-duke-street-hamilton
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May 31 2024 03:54:43
Niagara Association of REALTORS®
Cosmopolitan Realty, RE/MAX Niagara Realty Ltd, Brokerage