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Last Updated : 15 Days ago
61 Young Street, Hamilton, ON, Corktown
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61 Young Street, Hamilton MLS Number: X12098326

Corktown, Hamilton, ON, L8N 1V1

$819,000

Status: For Sale

  • Property Type: Commercial (Store W Apt/Office)
  • Property Taxes : $8538.0 (Tax Year:2024)
  • Listing Courtesy : Sotheby's International Realty Canada, Brokerage

61 Young Street Property Description

This high-exposure corner property offers a low-maintenance investment with strong returns. With two spacious 1-bed apartments on the upper two floors and an established restaurant on the main floor, this high-visibility, high-demand location benefits from immediate proximity to the GO Station, public transit, St. Joseph's Hospital, and multiple new residential developments. The second floor apartment is tenanted until September, and the third floor apartment has been left vacant for the sale process; having also been recently updated with new windows. Despite all rents being below market value, this property is being offered at a 6.5% cap rate (once 2nd floor is tenanted). Once fully tenanted at market rates, this should be closer to an 8% cap! This is an excellent opportunity to acquire an affordable investment property in the heart of Hamilton's thriving southern downtown area!

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61 Young Street Property Facts

Property Type :Commercial
MLS Number :X12098326
Listing Type :Sale
Possession Date :
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Last Updated :23 Apr, 2025 (15 Days ago)
Source :Toronto Regional Real Estate Board
Area :Hamilton
Postal Code : L8N 1V1
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61 Young Street Property Price & Tax Insights

Price : $819,000
Property Taxes :$8538.0
Tax Year :2024

61 Young Street, Hamilton Property Details

Air Conditioning :Partial
Heating :Gas Hot Water
Cross Street :John Street South
Fireplace/Stove :No

61 Young Street, Hamilton - Price History

2025-04

23 Apr, 2025

TREB #X12098326

Listed

$819,000

  • 0
  • 400k
  • 800k
  • 1.2M
  • 1.6M
  • 2M+
  • 0
  • 6
  • 12
  • 18
  • 24
  • 30+
  • 0
  • 6
  • 12
  • 18
  • 24
  • 30+
  • $4,150
  • $1,493,909
  • $674,909

61 Young Street - Location Map and Landmarks

  • St. Joseph's Healthcare Hamilton - Charlton campus, Hamilton 0.28 km
  • McMaster University Medical Centre, Hamilton 0.76 km
  • Hamilton General, Hamilton 1.68 km
  • St. Joseph's Healthcare Hamilton - West 5th campus, Hamilton 1.7 km
  • Juravinski  and Cancer Centre, Hamilton 2.22 km
  • St. Peter's, Hamilton 2.66 km
  • McMaster Children's, Hamilton 4.07 km
  • Joseph Brant, Halton 9.12 km
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FAQs: 61 Young Street, Hamilton

  • Q: Does this Project 61 Young Street available for Sale ?

    A: The project 61 Young Street is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 61 Young Street is Offering?

    A:Square Yards is giving a Cashback of $4,095 if you buy this property from us, however there are several key features offered by the 61 Young Street. You get + Beds with Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Beds & Baths available in 61 Young Street, Hamilton?

    A: 61 Young Street, Hamilton comes with + Beds for maximum convenience and space. There are baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Hamilton, On?

    A:Hamilton, ON is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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