CMHC Qualifying Prime Mixed-Use Investment Property Located in High-End South Downtown DurandNeighborhood. 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 operatingincome. 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 twobedroom units. Ideal rental location for healthcare professionals and professionals commuting to Toronto byGO 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. ExcellentRental Location: Proximity to major amenities including McMaster University, St. Josephs Hospital and lots ofMedical establishments, and Hamilton GO Station. Potential to convert commercial space into additionalresidential 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 isthe ideal time to secure this fantastic deal. Seize this outstanding investment opportunity in a premiumlocation.
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On Market
Investment
Property Type
$33,848 / Year
Est. Taxes
Apartment
Style
Apts-6 To 12 Units
Business Type
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Franchise
Listing Details
Lot Depth:
150 Feet
Lot Width:
50 Feet
Style:
Apartment
Exterior Construction:
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Roof Material:
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Patio/Deck:
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Driveway:
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Swimming Pool:
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Schools nearby
Listing Brokerage
MLS® Listing
X8427510
Brokerage
COSMOPOLITAN REALTY
COSMOPOLITAN REALTY - Disclaimer: The information contained in this listing has not been verified by COSMOPOLITAN REALTY and should be verified by the buyer.
Data is deemed reliable but not guaranteed accurate by TRREB.
