ON > Hamilton > Corktown
Hamilton, ON L8N 1V1,61 Young ST
Hamilton, ON L8N 1V1,61 Young ST
Hamilton, ON L8N 1V1,61 Young ST
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$819,000
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2,920 SqFt
Active

61 Young ST Hamilton, ON L8N 1V1

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

UPDATED:

Key Details

Property Type Commercial

Sub Type Store W Apt/Office

Listing Status Active

Purchase Type For Sale

Square Footage 2,920 sqft

Price per Sqft $280

Subdivision Corktown

MLS Listing ID X12098326

Annual Tax Amount $8,538

Tax Year 2024

Property Sub-Type Store W Apt/Office

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 until September, 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). Once fully tenanted at market rates, this should be closer to an 8% cap! This is an excellent opportunity to acquire an affordable investment property in the heart of Hamilton's thriving southern downtown area!

Location

Province ON

County Hamilton

Community Corktown

Area Hamilton

Interior

Cooling Partial

Exterior

Community Features Public Transit

Utilities Available Yes

Lot Frontage 22.75

Lot Depth 67.0

Others

Security Features No

Listed by Sotheby's International Realty Canada, Brokerage
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agent

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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61 Young ST

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