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72 George Street Hamilton, Ontario L8P 1C9

2920 sqft
None Forced Air

$1,099,000

Great 5-Plex mixed use building D3 Zoning located in the Downtown Core just outside of Hess Village. Sq Ft according to Seller approx 2920. Comm space on mn fl currently vacant but many options available for retail/restaurant/office & more.... Rare 5 car parking in the rear of building. Gross monthly potential rent of $8,150.00 & annual proj GROSS income of $97,800.00. Bach/Studio $1,350.00 (Actual), 1-Bed (Basement) $1,450.00 (Projected) 1-Studio/Bach - $1,100.00 (Actual) Bach/Studio Loft - $1,250.00 (Actual), 1-Commercial $3,000.00 + HST ( Vacant & Projected) or potential to sub-divide mn fl unit into 2 Bach/Studio suites. Some Res Rents paid directly by the Government. *UTILITIES PAID BY LANDLORD. Some units have had some major updates. Retail mn fl currently vacant but could be great for owner/operator live/work scenario or easily rented. Expenses: Taxes: $4,258.75 (2022), Utilities: $5,428.96 (Annual Hydro, Gas + Water -Estimated), Insurance: $3,000.00(approx). Net: $85,112.29 (Projected), a healthy Cap Rate: 7.7% (Projected). PROPERTY IS ELIGIBLE FOR "FACADE GRANT" & other Downtown Inprovement programs. *East side Stucco wall to be repaired under pending Insurnance claim. Allow 24 Hr's for viewings. * Some Residential units are not accessible until accepted Offer due to Tenant refusal for showings. Buyer to perform own "Due Diligence" regarding zoning and allowable uses. Selling "as is", "where is", no warraunties, guaranties or other representations. (id:47594)

Business

Business Type Other

Property Details

MLS® Number H4146333
Property Type Other
Amenities Near By Public Transit, Recreation
Community Features Community Centre
Parking Space Total 5

Building

Appliances Refrigerator
Cooling Type None
Fire Protection Smoke Detectors
Heating Type Forced Air
Size Exterior 2920 Sqft
Size Interior 2920 Sqft
Utility Water Municipal Water

Parking

Visitor Parking

Land

Access Type Highway Access
Acreage No
Land Amenities Public Transit, Recreation
Sewer Sanitary Sewer, Storm Sewer
Size Depth 95 Ft
Size Frontage 23 Ft
Size Irregular 23 X 95
Size Total Text 23 X 95
Zoning Description D3

https://www.realtor.ca/real-estate/24927623/72-george-street-hamilton

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Vincent R. Formosi
Broker

(905) 575-5478
(905) 575-7217
HTTP://WWW.VINCENTFORMOSI.COM

RE/MAX Escarpment Realty Inc.
Unit 101 1595 Upper James St.
Hamilton, Ontario L9B 0H7

(905) 575-5478
(905) 575-7217
www.remaxescarpment.com

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