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$XXX,XXX
Status: OFF MARKET
39 RESIDENTIAL UNITS, PLUS 4 COMMERCIAL UNITS IN SOUGHT AFTER, DUNDAS! This property is situated at the corner of York Road and Watsons Lane, overlooking Lake Jojo, and offers over 35,000 square feet of residential and commercial space. The ground floor has been newly renovated into 17 studio apartments, a commercial kitchen, plus 3 commercial units. 63% of commercial space has been leased, long-term at market rent. The second floor offers 22 apartment units (20- 2 bedroom, 2-1 bedroom), leased below market rents and with lots of upside for the next owner. Attractive financing available through CMHC, as this property offers over 70% residential use. Two parking lots and over 50 parking stalls. Proforma available upon request.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X7395424 |
| Listing Type | :Sale |
| Property Age | :31-50 years |
| Possession Date | : |
| Last Updated | :06 Apr, 2024 (216 Days ago) |
| Source | :TRREB |
| Area | :Hamilton |
|---|---|
| Community | : Cootes Paradise |
| Postal Code | :
L9H 1M9
|
| Price | : $10,999,000 |
|---|---|
| Property Taxes | :$84929.00 |
| Tax Year | :2023 |
|---|
| Cross Street | :Watsons Lane |
|---|
13 Feb, 2024
TREB #X7395424
Available
$10999000.0
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