3 Bedroom
3 Bathroom
2,625 ft2
Central Air Conditioning
Forced Air
$575,000
Excellent mixed-use investment opportunity in a high-visibility location at 229 Parkdale Ave N in Hamilton. This versatile property features a commercial storefront at the front along with three 1-bedroom residential units, offering multiple income streams and strong upside potential for investors or owner-operators. The property benefits from convenient on-site parking located at the side and rear of the building, a rare and valuable feature in this area. Positioned along a busy corridor, the commercial unit enjoys excellent exposure and accessibility, making it ideal for a variety of business uses. Currently, one of the residential units is tenanted at $1,400 per month, with hydro and gas shared among the units. The tenant is actively seeking alternative accommodations, presenting a near-term opportunity for the buyer to set new market rents or occupy the unit. The remaining units and commercial space offer significant potential for lease-up or repositioning to maximize income. The building is serviced by one hydro meter and one gas meter, providing an opportunity for future optimization. Ideal for investors looking to add value through renovations, improved management, or full occupancy. Located close to major routes, public transit, and amenities, this is a rare opportunity to acquire a mixed-use property in a growing area with long-term potential. (id:50976)
Property Details
|
MLS® Number
|
40837485 |
|
Property Type
|
Single Family |
|
Amenities Near By
|
Public Transit, Shopping |
|
Equipment Type
|
Water Heater |
|
Parking Space Total
|
2 |
|
Rental Equipment Type
|
Water Heater |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
2 |
|
Bedrooms Below Ground
|
1 |
|
Bedrooms Total
|
3 |
|
Appliances
|
Microwave, Refrigerator, Stove |
|
Basement Development
|
Finished |
|
Basement Type
|
Full (finished) |
|
Construction Style Attachment
|
Detached |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Vinyl Siding |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
2,625 Ft2 |
|
Type
|
House |
|
Utility Water
|
Municipal Water |
Land
|
Access Type
|
Road Access, Highway Access |
|
Acreage
|
No |
|
Land Amenities
|
Public Transit, Shopping |
|
Sewer
|
Municipal Sewage System |
|
Size Depth
|
107 Ft |
|
Size Frontage
|
37 Ft |
|
Size Total Text
|
Under 1/2 Acre |
|
Zoning Description
|
C5 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Second Level |
4pc Bathroom |
|
|
Measurements not available |
|
Second Level |
Bedroom |
|
|
10'0'' x 12'1'' |
|
Second Level |
Kitchen |
|
|
10'3'' x 9'11'' |
|
Second Level |
Living Room/dining Room |
|
|
10'0'' x 9'6'' |
|
Basement |
Storage |
|
|
15'10'' x 14'2'' |
|
Basement |
3pc Bathroom |
|
|
Measurements not available |
|
Basement |
Bedroom |
|
|
15'10'' x 9'0'' |
|
Basement |
Kitchen |
|
|
7'3'' x 9'11'' |
|
Basement |
Living Room |
|
|
15'7'' x 8'6'' |
|
Main Level |
Other |
|
|
20'8'' x 11'8'' |
|
Main Level |
Den |
|
|
9'2'' x 4'10'' |
|
Main Level |
3pc Bathroom |
|
|
Measurements not available |
|
Main Level |
Bedroom |
|
|
8'8'' x 10'8'' |
|
Main Level |
Kitchen |
|
|
8'3'' x 9'7'' |
|
Main Level |
Living Room |
|
|
9'5'' x 19'5'' |
https://www.realtor.ca/real-estate/29866468/229-parkdale-avenue-n-hamilton
