$849,999
Available - For Sale
Listing ID: X12766432
152 Grenfell Street , Hamilton, L8H 3J2, Hamilton
| This is a **Cash Cow Property**, generating a total of **$9,250 in rental income**. With a cap rate ranging between **9-12%**. This standalone mixed-use property presents an outstanding opportunity for investors and business owners seeking income, flexibility, and long-term upside. Offering excellent exposure and quick access to major highways, the location continues to attract strong demand from both commercial operators and residential tenants. The building encompasses approximately 4,400 square feet, anchored by a substantial ground-floor commercial space of roughly 3,800 square feet, currently configured as a restaurant and bar. Above, the second level features three income-producing residential apartments, including a three-bedroom unit, a one-bedroom unit, and a bachelor suite, all contributing to consistent cash flow. Additionally, there is notable upside potential through renovation or reconfiguration, as the residential level may allow for the creation of additional units (subject to municipal approvals). The property's configuration and zoning lend themselves well to a variety of uses, including trade-based operations, service-oriented businesses, storage, light industrial, or owner-occupied commercial uses supported by residential income. Additional income is generated from media company rentals (such as Netflix). Offered as a fully tenanted, mixed-use investment in a well-established industrial and commercial area, this property delivers both immediate revenue and future growth opportunities. Purchasers are advised to verify zoning, permitted uses, and development potential through their own due diligence. |
| Price | $849,999 |
| Taxes: | $10750.00 |
| Tax Type: | Annual |
| Assessment Year: | 2026 |
| Occupancy: | Owner+T |
| Address: | 152 Grenfell Street , Hamilton, L8H 3J2, Hamilton |
| Postal Code: | L8H 3J2 |
| Province/State: | Hamilton |
| Directions/Cross Streets: | Ottawa St N & Beach Rd |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Multi-Use |
| Building Percentage: | T |
| Total Area: | 4400.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Public Transit |
| Chattels: | F |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | No |
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| eXp Realty |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Industrial Sector |
| Tax: | $10,750 |
| Fireplace: | N |
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