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Listed by Sandy Mackay • Real Broker Ontario Ltd.
$649,900
Est. payment /mo
3,642 SqFt
New
208 Mary Street Hamilton, ON L8L 4V8
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Key Details
Property Type Commercial
Sub Type Building Only
Listing Status Active
Purchase Type For Sale
Square Footage 3,642 sqft
Price per Sqft $178
MLS Listing ID 40871207
Abv Grd Liv Area 3,642
Annual Tax Amount $8,375
Property Sub-Type Building Only
Source Cornerstone
Property Description
Exceptional investment and redevelopment opportunity in Hamilton's Beasley neighbourhood, just steps from the downtown core. Offering approximately 3,642 sq. ft. of total space, this legal, conforming duplex features two beautifully renovated residential suites above approximately 1,660 sq. ft. of main-floor commercial/storage space, offering strong existing income with significant future upside. The property generates approximately $54,600 in annual gross income, with both residential units tenanted and the main floor contributing an additional $1,000/month in storage income. The spacious upper suites feature quartz countertops, modern finishes and impressive open-concept living areas. For investors and developers, the main floor presents a compelling value-add opportunity: the City of Hamilton has Phase 2 of its Mid-Rise Residential Zones Project before Planning Committee, proposing to extend mid-rise residential zoning to additional properties across the urban area and permit greater residential density as-of-right. Secure an income-producing property today while positioning for potential future conversion or redevelopment in one of central Hamilton's evolving neighbourhoods.
Location
Province ON
County Hamilton
Area 14 - Hamilton Centre
Zoning D/S-378
Direction Catherine St N to Robert St to Mary St.
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 37.01
Lot Depth 58.39
Garage No
Building
Lot Description Public Transit
Faces Catherine St N to Robert St to Mary St.
Story 2
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 171620142
Ownership Freehold/None
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