Hamilton - Landsdale
Hamilton - Landsdale
Listed For $4,300,000
Get Pre-approvedSold Conditional
This exceptional investment is LISTED AT A 6% CAP RATE based on in-place cash flow without any value given to the five vacant commercial units...imagine the upside! There are so many ways to optimize this property for a stronger NOI. With over 142' of frontage on the future LRT route and a large 26-car parking lot behind it, this property occupies the majority of the city block, making it a strong future development opportunity as well. Extensively renovated, this property benefits from major facade updates including all-new retail glass, newer windows, roof, and high-efficiency boilers. The rear fire metal fire escape has also just been rebuilt at substantial cost. The existing residential units are all 2-bedroom units and one 3-bed unit. With high ceilings, large windows, updated kitchen
* Values are estimates only and not a guarantee of lending or affordability.