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)

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https://www.realtor.ca/real-estate/29351739/1047-main-street-e-hamilton