822 Main Street E Hamilton, Ontario L8M 1L6

$749,900

Power of sale opportunity with exceptional redevelopment and income potential. Situated on a substantial 67.32 x 163.84 ft lot (0.25 acres) along a key transit corridor, this C2-zoned property offers nearly 3,000 sq ft above grade and is being sold stripped to the studs with permits already in place for a 4–5 unit conversion. Ideal for investors, developers, or owner-operators seeking flexibility, scale, and long-term upside. The property features a rare rear double detached garage seamlessly connected to an approximate 1,200 sq ft warehouse space with impressive 13’ ceilings, creating outstanding potential for storage, commercial use, live/work functionality, or future adaptive reuse. Ample on-site parking for 10+ vehicles further enhances usability and tenant appeal. Designed with strong income fundamentals in mind, the project is positioned for CMHC take-out financing with projected gross annual income of approximately $116,400 and 4 hydro meters already in place. Opportunity exists to convert the asset to fully residential use or maintain a mixed-use configuration under flexible C2 zoning. Large lot dimensions, transit-oriented positioning, and existing scale make this an exceptional candidate for future high-density redevelopment in a rapidly intensifying corridor. Rare opportunity to secure a value-add asset with multiple exit strategies and significant long-term upside. (id:19593)

Property Details

MLS® Number	40833439
Property Type	Multi-family
Amenities Near By	Park, Public Transit, Schools
Community Features	High Traffic Area, Community Centre
Equipment Type	Water Heater
Features	Paved Driveway, Shared Driveway
Parking Space Total	12
Rental Equipment Type	Water Heater
Structure	Workshop, Porch

Building

Basement Development	Unfinished
Basement Type	Full (unfinished)
Constructed Date	1922
Cooling Type	Central Air Conditioning
Exterior Finish	Brick
Foundation Type	Block
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	3
Size Interior	2,850 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

Detached Garage
Visitor Parking
Open

Land

Access Type	Road Access
Acreage	No
Land Amenities	Park, Public Transit, Schools
Sewer	Municipal Sewage System
Size Depth	164 Ft
Size Frontage	67 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	C2

https://www.realtor.ca/real-estate/29818077/822-main-street-e-hamilton