Exceptional investment and redevelopment opportunity in Hamilton's Beasley neighbourhood, just steps from the downtown core. Offering approximately 3,642 sq. ft. of total space, this legal, conforming duplex features two beautifully renovated residential suites above approximately 1,660 sq. ft. of main-floor commercial/storage space, offering strong existing income with significant future upside. The property generates approximately $54,600 in annual gross income, with both residential units tenanted and the main floor contributing an additional $1,000/month in storage income. The spacious upper suites feature quartz countertops, modern finishes and impressive open-concept living areas. For investors and developers, the main floor presents a compelling value-add opportunity: the City of Hamilton has Phase 2 of its Mid-Rise Residential Zones Project before Planning Committee, proposing to extend mid-rise residential zoning to additional properties across the urban area and permit greater residential density as-of-right. Secure an income-producing property today while positioning for potential future conversion or redevelopment in one of central Hamilton's evolving neighbourhoods.
| MLS # | 40871207 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 25 |
| Listing Provided By | Real Broker Ontario Ltd. | Sandy Mackay |
| SQ Feet | 3,642 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | D/S-378 |
| Acreage | 0.05 |
| Cooling Yes / No | No |
|---|
| Lot Features | Public Transit |
|---|
| Sewer | Sewer (Municipal) |
|---|
| Tax Annual Amount | 8375.66 |
|---|
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8L 4V8 |
| Area | 14 Hamilton Centre |
| Subarea | 140 Beasley |
| Community Name | 140 Beasley |
| Listing VS Median (in 140 Beasley) | |
Price: $649,900 low | high Med: $2,750 sqft: 3,642 low | high Med: 1,200 $ / sqft: $178 low | high Med: $2 On site: 25 low | high Med: 28 | |
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8L 4V8 |
| Area | 14 Hamilton Centre |
| Subarea | 140 Beasley |
| Community Name | 140 Beasley |
| Listing VS Median (in 140 Beasley) | |
Price: $649,900 low | high Med: $2,750 sqft: 3,642 low | high Med: 1,200 $ / sqft: $178 low | high Med: $2 On site: 25 low | high Med: 28 | |