312 Catharine Street N , Hamilton

$1,485,000 / MLS® Listing #:H4097483

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Amazing opportunity to purchase an investment property with a 6.5% cap rate! Two adjoining properties have been merged together to create this unique and prosperous money maker. The main floor is occupied by a well-known neighbourhood bakery which also occupies the North basement for a total rentable area of approximately 4,075 square feet. The commercial unit has a dedicated furnace and central air. The top level on the North side has a 1,848 square foot (approximate) 3 bedroom apartment with updated finishes -Kitchen with granite, stainless appliances, two 3-piece bathrooms, hardwood floor, solid core doors and more. This unit also has a large outdoor terrace, exclusive laundry, exclusive furnace & central air. The top level on the South side has a 1,109 square foot (approximate) 2 bedroom apartment with modern finishes including stainless appliances, updated 4-piece bath, and durable floors. This unit also has its own furnace, central air, exclusive laundry, and storage space in the South basement. Such a great investment with much higher rent potential and located close to the bustling James Street North district. Full property pro forma available. Buyer to due diligence on zoning, taxes, and room sizes. Dont be TOO LATE*! *REG TM. RSA (id:10452)

Property Details

Property Type Fourplex
Architectural Style 2 Level, Multi-Unit
Square Feet 6280.0000
Maintenance N/A
Days On Our Website 65
Basement Partially finished - Full (Partially finished)
Kitchens
Lot Dimensions 45 x 120|under 1/2 acre
Pool N/A
Area Hamilton
Air Conditioning Central air conditioning, Wall unit
Heating Natural gas - Forced air
Exterior Brick
Parking Spaces 4
Parking Type No Garage,No Garage
Sewers Municipal sewage system
Water Municipal water

Listing Office: RE/MAX Escarpment Woolcott Realty Inc.



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