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Property description
For the Investor. This is an income producing property with the potential to earn more. The property is ideally located in Hamilton's James Street corridor which is full of restaurants, retail, and the home of Supercrawl (Ontario tourism event of 2015; $14.5million+ economic impact annually). Near the proposed Harbourfront new development area. The GO station is in short walking distance, accessible by Hwy. 403 and Burlington St.(QEW). Surrounded by sobi bike stands and walking distance to the proposed LRT route. One Commercial unit ready for a restaurant. Four plus one residential units with tenants in place. Property has great potential for improvement. Rents are currently under market value (still creating a good return), opportunity for rental upside. The building maintains much of it's original character. Parking for 10 spots in an area where parking is difficult to come by. Retrofit and compliant. City incentives available for improvement. This building is in an area of Hamilton which continues to grow and appreciate. Possible future development opportunities (due diligence). Hamilton, Ontario Canada is one of Canada's best cities for advanced manufacturing, agri-businnes & food processing, creative industries, goods movement, information & communication technology/digital media, and life sciences. Hamilton is Canada's most diversified municipality and Ontario’s fastest growing economy. The only city that can offer all four modes of transportation – rail, road, air and port. It is an anchor city for future growth with 5 key attributes important to corporations.
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