48
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$1,789,999
Est. payment /mo
3,905 SqFt
New
189 Hughson ST S Hamilton, ON L8N 2B6
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,905 sqft
Price per Sqft $458
Subdivision Corktown
MLS Listing ID X12392551
Annual Tax Amount $23,324
Tax Year 2025
Property Sub-Type Investment
Property Description
Exceptional opportunity for investors or owner-operators to acquire a prime commercial property in a AAA location, steps from St. Josephs Hospital. This 3,900 sq. ft. building features 3 floors of medical office space and 4 floor comprising a residential unit with 2 bedroom apartment. Rear parking lot accommodates 14 vehicles, a rare advantage in the area. Currently generating a net operating income of $120,000 (6.5% cap rate) under a gross lease structure, with tenants willing to renew for an additional 5 years or vacate for owner occupancy. Immediate positive cash flow with strong long-term upside in one of Hamilton's most sought-after corridors.
Location
Province ON
County Hamilton
Community Corktown
Area Hamilton
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 50.96
Lot Depth 85.01
Listed by Royal Lepage Real Estate Associates
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