Name: 366 Cumberland Ave, For Sale in Hamilton - eXp Commercial Brokerage
Brand: INTERNATIONAL REALTY FIRM, INC.
SKU: X12184280
Price: 599999 CAD

cumberland ave

0 Bedroom Real Estate has been listed for sale at 366 Cumberland Ave in Hamilton for $599,999. Chat with a local expert, book a tour.

Hamilton

Blakeley

366 Cumberland Ave

366 Cumberland Ave, For Sale in Hamilton - eXp Commercial Brokerage

Free standing light industrial building with 3000 sf of interior space suitable for many commercial uses such as: warehouse, manufacturing, carpenter's shop, retail variety, etc. Since this is not a condo, there are zero maintenance fees, and the property taxes are extremely low ($2561 for 2024), so the overhead costs are much lower than the average industrial unit and you have the freedom to renovate or develop the site as you please. The property has no basement and is mostly on the ground level (with one 2nd floor office). Potential to add a second or third story to existing building. The property backs onto the escarpment and is steps from Gage Park. The building is set back from the road behind a row of houses. Easy access to downtown Hamilton and to Red Hill Valley Parkway. This is the perfect location to run your new or existing business! The sellers will consider offering mortgage financing (VTB) to a buyer with a minimum down payment of 50%.

Attention Investors! This is a newly severed property that is on the market for the very first time! This is an amazing investment property with two large units that are both currently rented. Many uses are permitted, including the possiblility of mixed commercial and residential (i.e. some "live-work" uses are permitted). It is a great income property with excellent cash flow, which already makes this property an excellent return on investment. Once the capital appreciation due to the super hot real estate market is factored in, the ROI will be truly extraordinary. The cap rate on this property is 6.1%. Wow! So many possibilities! Please call or email LA for more info before making an appointment. See attachments for additional info. (id:15898)

Attention Investors! This is an amazing commercial/residential investment property with 2 large ground level units. It's a great income property with excellent cash flow. If you are looking for a turnkey money making property, this is it! Dont let the exterior appearance fool you. The property is very large on the inside, with ~3300 sf of interior space, almost all of which is on the ground level. Unit 1 just vacated as of Oct 1, 2018, and was paying $1692/mo inclusive. Unit 2 is rented at $1200/mo inclusive. The gross annual income is $34,704 and the Net Operating Income is ~$25,800. That's a cap rate of 7.6%! This is a much higher annual rate of return from rent than almost anywhere in the GTA with potential to increase to ~9.7%/ yr with a rent increase. The seller is willing to find a tenant for Unit 2 or leave it vacant for buyers use. The property is in the highly sought after residential neighbourhood of St.Clair/Blakely, steps from Gage park. It is adjacent to an elementary school and it backs onto the escarpment. The units are set back from the road and are very private. A potential rooftop deck on either unit would provide great views of the mountain! Its great for seniors as it has almost no stairs. Many commercial uses are permitted, including residential "live-work" use. The owner/operator or maintenance staff may live on the site while operating one of the many permitted businesses. You can operate your business AND live here too! (id:15898)

Free standing light industrial building with 1800 sf of available interior space suitable for many commercial uses such as: warehouse, manufacturing, carpenter's shop, retail variety, place of worship, etc. Perfect For Starting A New Business Or Relocating From A Smaller Or More Expensive Area. The property has no basement and is on the ground level. The Large Lot Is 235 Ft Deep And 33 Ft Wide In The Back With Direct Driveway Access from Cumberland Ave. The property Is Well Situated Close To Downtown Hamilton. It backs onto the escarpment and is steps from Gage Park. Easy access to Red Hill Valley Parkway via Lawrence Rd. Note that The building is set back from the road behind a row of houses. This is the perfect location to run your new or existing business! Note that this space is just the back section (1800sf) of the property (total 3000sf) and that there is another tenant in the front section. Rent is +HST. Tenant to share utilities. This entire property can also be leased for $3700+HST or purchased outright. See MLS# X12184280.

Free-standing light industrial building with 3000 sf of interior space suitable for many uses such as warehouse, manufacturing, carpenter's shop, retail variety, place of worship, etc. See attachments for the full list. Since this is not a condo, there are zero maintenance fees, and the property taxes are extremely low, so the overhead costs are much lower than the average industrial unit, and you have the freedom to renovate or develop the site as you please. The property has no basement and is mostly on the ground level (with one 2nd floor office). Potential to add a second or third story to existing building. The property backs onto the escarpment and is steps from Gage Park. The building is set back from the road behind a row of houses. Easy access to downtown Hamilton and to Red Hill Valley Parkway. This is the perfect location to run your new or existing business!

366 Cumberland Ave, Hamilton, ON

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