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74 Ottawa Street N, Hamilton, ON L8H 3Z1, Hamilton, Ontario

commercial · MLS® X12708718

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$1,050,000

MLS# X12708718

74 Ottawa Street N, Hamilton, ON L8H 3Z1

Hamilton, Ontario L8H 3Z1

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New Listing· Listed null days on marketPopular· 95 views today
About This Property

Located in the heart of a vibrant commercial corridor, 74 Ottawa Street N offers a premier mixed-use investment opportunity surrounded by a bustling array of local shops and restaurants. This recently renovated property features a marquee ground-floor retail unit secured by a fresh five-year lease to the well-known Hammerheads Fish and Chips, providing stable income with escalations. The residential portion consists of two separate apartments that can be delivered vacant on closing, offering the rare ability to set your own market rents immediately. The building includes a spacious two-bedroom unit and a one-bedroom unit, both benefiting from recent updates. Practicality meets value with three dedicated parking stalls accessible via the rear laneway. The property boasts a very attractive cap rate, making it a standout financial performer in a high-traffic area. Whether you are looking for a turnkey addition to your portfolio or a high-visibility asset with significant residential upside, this property delivers on every front.

Property Details

Property Type

Commercial

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Map View

74 Ottawa Street N, Hamilton, ON L8H 3Z1, Hamilton, Ontario

About 74 Ottawa Street N, Hamilton, ON L8H 3Z1

This Commercial at 74 Ottawa Street N, Hamilton, ON L8H 3Z1 is listed for sale in Hamilton, Ontario at $1,050,000.

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Hamilton is a thriving community in Ontario with excellent amenities, schools, parks, and transit access. Whether you are a first-time buyer, growing family, or investor, this commercial represents a compelling opportunity in Hamilton's real estate market.

MLS® number X12708718. Listed with RE/MAX Realty Specialists Inc., Brokerage. Contact Jagtar Singh for more information or to schedule a private showing.

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$1,050,000

20% ($210,000)

Minimum 5% for homes under $500K, 20% to avoid CMHC insurance

5.5%
25 years

Estimated Monthly Payment

$5,158

*Principal & Interest only. Does not include taxes or insurance.

Principal$840,000
Total Interest$707,500
Total Cost$1,757,500
Jagtar Singh

Jagtar Singh

RE/MAX Realty Specialists Inc.

Contact About This Property
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