Excellent mixed-use investment opportunity in a high-visibility location at 229 Parkdale Ave N in Hamilton. This versatile property features a commercial storefront at the front along with three 1-bedroom residential units, offering multiple income streams and strong upside potential for investors or owner-operators. The property benefits from convenient on-site parking located at the side and rear of the building, a rare and valuable feature in this area. Positioned along a busy corridor, the commercial unit enjoys excellent exposure and accessibility, making it ideal for a variety of business uses. Currently, one of the residential units is tenanted at $1,400 per month, with hydro and gas shared among the units. The tenant is actively seeking alternative accommodations, presenting a near-term opportunity for the buyer to set new market rents or occupy the unit. The remaining units and commercial space offer significant potential for lease-up or repositioning to maximize income. The building is serviced by one hydro meter and one gas meter, providing an opportunity for future optimization. Ideal for investors looking to add value through renovations, improved management, or full occupancy. Located close to major routes, public transit, and amenities, this is a rare opportunity to acquire a mixed-use property in a growing area with long-term potential.
65 days
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7
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2
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Zillow last checked:
Listing updated:
Listed by:
Attila Biro, Salesperson,
RE/MAX Escarpment Realty Inc.
Source: ITSO,MLS®#: 40837485Originating MLS®#: Cornerstone Association of REALTORS®
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3
Main level bathrooms: 1
Main level bedrooms: 1
Bedroom
Level: Main
Bedroom
Level: Second
Bedroom
Level: Basement
Bathroom
Features: 3-Piece
Level: Main
Bathroom
Features: 4-Piece
Level: Second
Bathroom
Features: 3-Piece
Level: Basement
Den
Level: Main
Kitchen
Level: Main
Kitchen
Level: Second
Kitchen
Level: Basement
Living room
Level: Main
Living room
Level: Basement
Other
Level: Second
Other
Level: Main
Storage
Level: Basement
Heating
Forced Air, Natural Gas
Cooling
Central Air
Appliances
Included: Water Heater, Microwave, Refrigerator, Stove