3 Beds 4 Bath

1047 Main Street E, Hamilton, ON L8M 1N5

Hamilton L8M 1N5 Ontario

MLS: X12901832

$615,000

Added 2 hours ago | For Sale

Listed by: RE/MAX Icon Realty

About Property

PRICED TO SELL! Fully Vacant Mixed-Use Triplex. Exceptional live-work-invest opportunity with immediate ability to set market rents. This versatile property offers over 2,300 sq ft of total space and includes a street-facing main floor commercial unit, a self-contained rear residential apartment, and a spacious 3-bedroom upper unit, all with separate entrances for added flexibility. Flexible C2 zoning permits a wide range of commercial and residential uses, making it ideal for investors, entrepreneurs, or owner-operators looking to run a business while generating rental income. Recent capital improvements include roof (2024), boiler (2021), new rear deck (2025), renovated bathrooms, updated flooring, and refreshed commercial interiors, helping reduce near-term capital expenses. Located along a high-visibility corridor just steps to transit, amenities, and everyday conveniences, with strong long-term growth potential and anticipated future LRT connectivity. The property also offers one driveway parking space plus convenient nearby street parking. Projected rents of $4,300-$5,100/month with an estimated NOI of $42,000-$45,000 annually, making this a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation.

Features

  • House Style:Detached
  • Bathrooms:4
  • Land Size: 30 X 110
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Main Street East and Gage Avenue
  • Basement:Separate Entrance,Unfinished , Separate Entrance,Unfinished
  • Possession Date:Immediate/Flexible
  • Annual Property taxes: $5107.44
  • Bedrooms:3
  • Total Parking Spaces:1
  • Parking Places:1
  • Heating Type:Radiant
  • Pool Type:None
  • Exterior:
  • Direction Facing:South
  • Front Footage:
  • Listing ID:X12901832

Level Type Features Dimensions
Main Foyer 7 ft, 3 in x 7 ft, 1 in
Office 12 ft, 2 in x 24 ft
Kitchen 8 ft, 6 in x 8 ft, 6 in
Family Room 11 ft, 9 in x 11 ft, 11 in
Bedroom 9 ft, 5 in x 12 ft, 3 in
Second Dining Room 11 ft, 10 in x 12 ft, 3 in
Family Room 10 ft, 10 in x 15 ft, 9 in
Kitchen 9 ft, 1 in x 18 ft, 4 in
Office 9 ft, 1 in x 9 ft, 3 in
Third Primary Bedroom 16 ft, 10 in x 16 ft, 3 in
Bedroom 10 ft, 4 in x 8 ft, 3 in
Basement Utility Room 20 ft x 7 ft, 1 in

No property rooms available.

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