Property Detail

1047 Main Street E, Hamilton, ON L8M 1N5 (Main Street E and Gage Ave)

Price : $615,000.00 , MLS®# : X12901830

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Judge Kirupairajah
Description

PRICED TO SELL! Fully Vacant Mixed-Use Triplex. Exceptional live-work-invest opportunity with immediate ability to set market rents. This versatile property offers over 2,300 sq ft of total space and includes a street-facing main floor commercial unit, a self-contained rear residential apartment, and a spacious 3-bedroom upper unit, all with separate entrances for added flexibility. Flexible C2 zoning permits a wide range of commercial and residential uses, making it ideal for investors, entrepreneurs, or owner-operators looking to run a business while generating rental income. Recent capital improvements include roof (2024), boiler (2021), new rear deck (2025), renovated bathrooms, updated flooring, and refreshed commercial interiors, helping reduce near-term capital expenses. Located along a high-visibility corridor just steps to transit, amenities, and everyday conveniences, with strong long-term growth potential and anticipated future LRT connectivity. The property also offers one driveway parking space plus convenient nearby street parking. Projected rents of $4,300-$5,100/month with an estimated NOI of $42,000-$45,000 annually, making this a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation.

Location Description

Main Street E and Gage Ave

Property Details
  • Community: Crown Point
  • Property Type: Vacant/Commercial
  • Bedrooms: 3
  • Bath: 1
  • Garages: None
  • Annual Property Taxes : $ 5107.44
Building Features
  • Parking Type : None
Building Features
  • Heating : RadiantGas
Land (Lot Features)
  • Frontage: 30 sq.ft
  • Land Depth: 110sq.ft

Listing Contracted With: RE/MAX Icon Realty