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Investment Commercial Building for Sale

MLS# H4008293 Price: $667,500

Generating net income over $42,500, this is an excellent investment property. Cap rate just over 7.6%. Many building updates, including recently renovated, two level, 3 (or 4) bedroom residential suite; a very easy to rent unit. Main floor commercial unit on long term triple net lease, renewal terms and an excellent customer base. Area is growing development and improving property values. Beside planned condo development project, densely populated residential neighbourhood, schools, public parks, and transportation. Excellent opportunity for almost maintenance free ownership; invest and watch the income flow in not out! Seller is motivated, call listing broker for more details.

What's your Walk Score? 74 Very Walkable

What's your Transit Score? 61 Good Transit

Property Details: 108 Cumberland Avenue (near S/E Corner of Cumber )
Listing# 2413

Location

Address 108 Cumberland Avenue
City Hamilton
Cross Streets S/E Corner of Cumber
District Hamilton Centre (22)
Neighbourhood St. Clair / Blakeley (220)
Listing Agents Cameron Nolan / Angela Nolan

Description

Sub Type Investment Price $ 667,500
Lease Rate Per For Sale Location Hamilton
Heating Gas Hot Water Square Footage 2700

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Notice! Information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy we regret that we cannot guarantee it. All information subject to change and/or withdrawal without notice.

David and Ann Ryan, Sales Representatives
Office: 905-632-2199 | Direct: 905-407-4353 | info@ryanshomes.ca

RE/MAX Escarpment Realty Inc., Brokerage | 4121 Fairview St, Burlington, Ontario L7L 2A4, Canada

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