1047 Main Street E Hamilton, Ontario L8M 1N5
$650,000
PRICED TO SELL. Fully vacant mixed-use triplex offering a strong live and work plus income investment opportunity with immediate ability to set market rents. The property includes a street-facing main-floor commercial unit, a self-contained rear residential apartment, and a spacious 3-bedroom upper unit, all with separate entrances and over 2,300 sq ft of total space. Flexible C2 zoning supports a range of commercial and residential uses. Recent capital improvements include roof (2024), boiler (2021), new rear deck (2025), renovated bathrooms, updated flooring, and refreshed commercial interiors, reducing near-term capital expenditure. Located on a high-visibility corridor steps to transit, amenities, and long-term area growth with anticipated future LRT connectivity, the property also offers one on-site driveway parking space plus nearby street parking. Projected rents are $4,300 to $5,100 per month with projected NOI of $42,000 to $45,000 annually, making this a flexible asset suitable for investors seeking stable cash flow and long-term appreciation potential. (id:49269)
Property Details
| MLS® Number | 40804407 |
| Property Type | Multi-family |
| AmenitiesNearBy | Place Of Worship, Public Transit, Schools, Shopping |
| CommunityFeatures | School Bus |
| ParkingSpaceTotal | 1 |
Building
| BathroomTotal | 2 |
| BedroomsTotal | 4 |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| CoolingType | Wall Unit |
| ExteriorFinish | Brick |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 3 |
| SizeInterior | 2320 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Place Of Worship, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeFrontage | 30 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | C2 |
https://www.realtor.ca/real-estate/29351444/1047-main-street-e-hamilton
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March 02 2026 10:09:28
REALTORS® Association of Hamilton-Burlington
Keller Williams Home Group Realty, Brokerage