61 Young St
Hamilton, L8N1V1
For Sale
$822,000

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Multi-Use
CATEGORY2,920 Sq Ft
TOTAL AREAX11999213
MLSIDContact Us
Property Description
This high-exposure corner property offers a low-maintenance investment with strong returns. With two spacious 1-bed apartments on the upper two floors and an established restaurant on the main floor, this high-visibility, high-demand location benefits from immediate proximity to the GO Station, public transit, St. Joseph's Hospital, and multiple new residential developments. The second floor apartment is tenanted and the third floor apartment has been left vacant for the sale process; having also been recently updated with new windows. Despite all rents being below market value, this property is being offered at a 6.5% cap rate (once 2nd floor is tenanted). This is an excellent opportunity to acquire an affordable investment property in the heart of Hamilton's thriving southern downtown area!
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Property Details
Category
Multi-Use
Usage
Hospitality/Food Related
Zoning
C5 - Mixed Use Medium Density
Total Area
2,920 Sq Ft
Retail Area
1,100 Sq Ft
Lot Size
23' x 67'
Taxes
$8,538 (2024)
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Listing contracted with Sotheby's International Realty Canada, Brokerage
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