Description:
Licensed 10 Room Lodging/Rooming House + 1 commercial unit. Fully occupied. High Demand from City of Hamilton that can not be met. Upside would be to add meal services to increase revenue and profits.
2,661 square feet + 2,181 square foot basement. Total: 4,842 usable sf.
Located beside proposed redevelopment site / proposed Hamilton Light Rail Hub.
Attractive VTB 1st mortgage financing available at attractive rates OAC with minimum 15% down.
Complete Kitchen Redone Feb. 2021. New Furnace and Air conditioning 2021. Room & Bathroom upgrades 2021.
Automatic rent deposits of some tenants from government sponsored programs.
Revenue:$8,800/month , Insurance:$210/month, Prop tax $325/month, Hydro $325/month, Gas $150/month