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MLS# H3217275 Price: $699,900

Terrific mixed use property, commercial variety store on long term lease and 3 bedroom, 2 floor residential apartment above. Generates approximately $58,500 gross income, with net income of $50,800. Cap rate of 6%. Near planned development, densely populated residential area, park and public transportation. This corner property is a 2 1/2 storey brick building, central heating, outside storage area, many recent updates. Commercial tenancy has existed for many years, new owner and five year lease with renewal options. An excellent investment opportunity. Viewings by appointment.

What's your Walk Score? 72 Very Walkable

What's your Transit Score? 61 Good Transit

Property Details: 108 Cumberland Avenue (near S/E Corner of Cumber )
Listing# 688

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 Other Price $ 699,900
Style Multi-Level Location Hamilton
Construction Wood Square Footage 2700

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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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