For Sale

174 John Street, Hamilton, Ontario L8N 2C6

$2,100,000

174 John Street, Hamilton, Ontario L8N 2C6 is For Sale and has a listing price of 2,100,000. The property is located in the Corktown neighbourhood . It's been on the website for 118 Days.

  • 7
    Bathrooms
  • MLS ID: X11945610
  • Office Name ROYAL LEPAGE WEST REALTY GROUP LTD.
Property Description

Rare opportunity to own a prime mixed-use property in the heart of Hamilton, just a 2-minute walk to the GO station, schools, commercial towers, and a thriving residential community. This newly refurbished, four-story (C5-zoned) building offers a lot size of 34.55 ft x 66.00 ft, a total area of 4,582 sq. ft., and includes four residential units and one commercial unit. With a gross income of $170,856, a net operating income (NOI) of over $155,000, and operating expenses under $12,000 per year, this is an exceptional investment opportunity. One unit is currently vacant and available for the buyers use. Flexible ownership options allow you to purchase with the business or simply become a landlord, as one of the sellers is willing to continue operations. **EXTRAS** 2 water heaters, 1 commercial and 1 residential – both rented at $40.00 per month. Fire inspection done in 2024. Clean environmental 2024, Flat roof area done in 2023.

Property Details
  • MLS ID: X11945610
  • Bathrooms: 7
  • Price: $2,100,000
  • Lot Depth: 34.62
  • Transaction Types: For Sale
  • Ref ID: X11945610
  • Year Built: N/A
  • Dir / Cross St: John St S / Augusta
  • Status: Active
  • Tax Year: 2024
  • Property Type: Commercial
  • Property Sub Category: Commercial Apartment
Price History
List Date MLS ID List Price Status End Date Closed Price
01/29/2025 X11945610 $2,100,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Corktown
  • $775,322 Average List Price
    based on 1 year
  • 24 New Listings
    based on 30 days
  • 42 Median Days on Market
    based on 1 year
  • List vs. Selling Price 0.1 % Up
  • Sold (12mo) 44
  • Rented (12mo) 125

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
Property Type Distribution
  • All Houses
    70.92%
  • All Houses/Commercial
  • Commercial
    7.63%
  • Condo
    21.21%
  • Land for Sale
    0.24%
Additional Details
  • Heat Type Baseboard
  • Washroom Type1: 7
  • Garage Type Y
  • Taxes: $12,117
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: FLEX
  • Listing Entry Date: 29/01/2025 17:30:23
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