229 Parkdale Avenue N, Hamilton ON

About 229 Parkdale Avenue N

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. (id:56071). Get more information on 229 Parkdale Avenue N

Property Features

Appliances:  Microwave, Refrigerator, Stove
Rental Equipment:  Water Heater
Directions:  TAKE BARTON AND TURN NORTH ONTO PARKDALE. THE HOUSE IS ON THE LEFT.
Zoning Description:  C5
Interior Size:  2625 sqft
Access:  Road access, Highway access
Lot:  under 1/2 acre
Exterior Finish:  Vinyl siding
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / Central air conditioning
Age: 
Foundation: Block
Basement:  Full (Finished) Finished

Rooms & Sizes

4pc Bathroom Second level Measurements not available	Bedroom Second level 10 0 x 12 1	Kitchen Second level 10 3 x 9 11
Living room/Dining room Second level 10 0 x 9 6	Storage Basement 15 10 x 14 2	3pc Bathroom Basement Measurements not available
Bedroom Basement 15 10 x 9 0	Kitchen Basement 7 3 x 9 11	Living room Basement 15 7 x 8 6
Other Main level 20 8 x 11 8	Den Main level 9 2 x 4 10	3pc Bathroom Main level Measurements not available
Bedroom Main level 8 8 x 10 8	Kitchen Main level 8 3 x 9 7	Living room Main level 9 5 x 19 5