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14 Duke Street Hamilton, Ontario L8P 1X1

9927 sqft

$4,999,900

CMHC Qualifying Prime Mixed-Use Investment Property Located in High-End South Downtown Durand Neighborhood. Property features luxury residential and Medical Office with former plastic surgery suite, making it an excellent investment opportunity. Offers an excellent CAP rate with substantial net operating income. Vacant possession to achieve highest possible income for residential. Luxury Residential Units (2nd & 3rd floor): 10 turn-key luxury apartments, including 2 bachelor units, 6 one-bedroom units, and 2 two-bedroom units. Ideal rental location for healthcare professionals and professionals commuting to Toronto by GO Train or Bus from station one block south. Medical office: Ground floor commercial space (2,724 SF) currently used as a high-end medical clinic. CMHC Financing: Property qualifies for CMHC financing. Excellent Rental Location: Proximity to major amenities including McMaster University, St. Joseph’s Hospital and lots of Medical establishments, and Hamilton GO Station. Potential to convert commercial space into additional residential units, maximizing rental income. Recent upgrades include new AC units, window replacements, fiber optic, electronic access, and upgraded security. With mortgage rates expected to decrease soon, now is the ideal time to secure this fantastic deal. Seize this outstanding investment opportunity in a premium location. (id:47878)

Property Details

MLS® Number 40593709
Property Type Office
Amenities Near By Hospital, Public Transit
Community Features High Traffic Area
Parking Space Total 12

Building

Basement Type Full
Stories Total 3
Size Exterior 9927.0000
Size Interior 9927 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Hospital, Public Transit
Size Depth 150 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description E-1/s-704 & E-1/s-704a

https://www.realtor.ca/real-estate/26941295/14-duke-street-hamilton

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