229 Parkdale Avenue N Hamilton, Ontario L8H 5X4

$629,900

Excellent mixed-use investment opportunity in a high-visibility location at 229 Parkdale Ave N in Hamilton. This versatile property features a commercial storefront at the front along with three 1-bedroom residential units, offering multiple income streams and strong upside potential for investors or owner-operators. The property benefits from convenient on-site parking located at the side and rear of the building, a rare and valuable feature in this area. Positioned along a busy corridor, the commercial unit enjoys excellent exposure and accessibility, making it ideal for a variety of business uses. Currently, one of the residential units is tenanted at $1,400 per month, with hydro and gas shared among the units. The tenant is actively seeking alternative accommodations, presenting a near-term opportunity for the buyer to set new market rents or occupy the unit. The remaining units and commercial space offer significant potential for lease-up or repositioning to maximize income. The building is serviced by one hydro meter and one gas meter, providing an opportunity for future optimization. Ideal for investors looking to add value through renovations, improved management, or full occupancy. Located close to major routes, public transit, and amenities, this is a rare opportunity to acquire a mixed-use property in a growing area with long-term potential. (id:19593)

Property Details

MLS® Number	40820522
Property Type	Other
Amenities Near By	Public Transit
Community Features	High Traffic Area
Features	Visual Exposure, Paved Driveway, Crushed Stone Driveway
Parking Space Total	5

Building

Basement Type	Full
Exterior Finish	Vinyl Siding
Foundation Type	Block
Stories Total	2
Size Exterior	1513.0000
Size Interior	1,513 Ft2
Utility Water	Municipal Water

Land

Access Type	Road Access
Acreage	No
Land Amenities	Public Transit
Sewer	Municipal Sewage System
Size Depth	107 Ft
Size Frontage	37 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	C5

https://www.realtor.ca/real-estate/29600404/229-parkdale-avenue-n-hamilton