$1,200,000

522 Upper Sherman Avenue

Hamilton ON, L8V 3L8

Description

Fantastic Opportunity to own a freestanding retail building in an excellent Hamilton Mountain location. High Visibility on the Upper Sherman corridor. Currently rented to one tenant who is a popular physiotherapy clinic. Lease in place until September 30th, 2023. Current Rent at $5,407.50 + HST / month. To increase to $5569.73+ HST on October 1st 2020. Rent increased every two years (on lease). Tenant pays all utilities and expenses (including taxes as per lease). The building itself is extremely well built. All three units (#518, #520, #522) have their own front and rear entrances as well as their own bathrooms. Currently there are doorways connecting all three units as the existing tenant uses the entire space. Parking is offered at 3-4 spaces at the front of the building (off of Upper Sherman Ave.) and 5-6 spaces at the back of the building (off of Brucedale Avenue East). The building also offers a laundry room and a separate kitchenette in the middle unit. Financials available. The roof was updated in 2015 and the HVAC system in 2014.

Details

MLS#H4088754
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive - CS
Days On Site30

Features

Story(s)1
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Area Information
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8V 3L8
AreaHamilton
Listing VS Median (in L8V 3L8)
Price:
$1,200,000
low | high
Med:
$1,200,000
50% of Average
On Site:
30
low | high
Med:
30
100% of Average
Listing Updated: 10/22/2020
John Paul Gulbis LogoMLS Number: H4088754
Listing Provided By:
John Paul Gulbis  of  Rock Star Real Estate Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Hamilton-Burlington.