Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
Financials
Price:C4,299,990
($3,105,300)
(€2,659,400)
Annual Taxes:C35,775.50
Prime Medical amp ; Residential Investment Durand, Hamilton Turnkey medical residential income property in the prestigious Durand neighbourhood of Hamilton purpose built for healthcare and upscale urban living.
Description
Prime Medical & Residential Investment | Durand, Hamilton Turnkey medical-residential income property in the prestigious Durand neighbourhood of Hamilton - purpose-built for healthcare and upscale urban living. This fully renovated (2019) 9,927 SF three-storey building features a ground-floor medical/health clinic (approx. 2,363 SF) currently leased to a high-end operator, with flexibility for the tenant to relocate through sublease if desired, presenting an opportunity for a dentist, medical specialist, or plastic surgeon. The space includes a former surgical suite previously used by a plastic surgeon. Above the commercial space are 10 luxury residential units - 2 bachelor, 6 one-bedroom, and 2 two-bedroom suites totaling approximately 7,203 SF of premium rental space. Situated on a 0.205-acre lot with 49.75 ft frontage and 12+1 on-site parking, the property features 12' vaulted ceilings, new fire shutters, and common laundry with industrial machines. No heritage designation. Zoned E-L with Downtown Mixed-Use Official Plan designation permitting medical, professional, multiple residential, student housing, and retirement uses - with strong value-add potential including future conversion of commercial space to additional residential units (subject to approvals). CMHC financing eligible. Located blocks away from St. Joes Hospital, near Mohawk College, McMaster, Augusta Street Restaurants, TD Coliseum - an unmatched location for medical tenants and urban residents alike. Stable income with exceptional long-term upside. All information believed to be accurate but not guaranteed. Buyers to conduct regarding zoning, permitted uses, measurements, financials, and development potential.
Amenities
- Public Transit
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.