Exceptional investment opportunity in Hamilton's rapidly revitalizing East End, just west of Gage Park. This well-maintained mixed-use property offers a strong income-generating setup with a main-floor commercial unit and two spacious 3-bedroom residential apartments on the second level. Strategically positioned near the transformative Steelport redevelopment by Slate Asset Management, one of the largest redevelopment initiatives in the region. This multi-billion-dollar project is expected to drive substantial economic growth, create thousands of jobs, attract new businesses, and strengthen long-term demand for both commercial and residential real estate. Investors will appreciate the property's mixed-use configuration, multiple income streams, and location within a corridor poised for significant appreciation and future redevelopment potential. Ideal for investors seeking stable cash flow today with strong upside potential for tomorrow. Rare opportunity to acquire a well-located asset in one of Hamilton's emerging growth corridors. Please do not attend the property directly or disturb tenants. All showings require a minimum of 24 hours' notice. (id:13843)
| MLS # | 40838050 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Status | Active |
| Days On Site | 76 |
| Listing Provided By | Right at Home Realty | Sam Kim |
| SQ Feet | 4,200 |
|---|---|
| Story(s) | 2 |
| Zoning | C2 zoning |
| Acreage | 0.09 |
| Lot Features | Southern exposure |
|---|
| Tax Annual Amount | 9680.96 |
|---|
| Province | ON |
|---|---|
| City | Hamilton |
| Postal Code | L8M1M9 |
| Community Name | 202 Gibson/Stipley South |
| Listing VS Median (in 202 Gibson/Stipley South) | |
Price: $1,200,000 low | high Med: $2,350 sqft: 4,200 low | high Med: 1,200 $ / sqft: $286 low | high Med: $2 On site: 76 low | high Med: 25 | |
| Province | ON |
|---|---|
| City | Hamilton |
| Postal Code | L8M1M9 |
| Community Name | 202 Gibson/Stipley South |
| Listing VS Median (in 202 Gibson/Stipley South) | |
Price: $1,200,000 low | high Med: $2,350 sqft: 4,200 low | high Med: 1,200 $ / sqft: $286 low | high Med: $2 On site: 76 low | high Med: 25 | |