About 544 Barton St E

Invest $320K for a mixed use (Com/Res) property with positive cash flow in the improving Barton St Village PLUS potential grants/incentives from City. Annual NOI approx $19624. Solid building with 47 ft frontage with 2 com and 3 res units (Hamilton zoning 1 com and 2 res). External sq ft as per MPAC is Res (2nd fl) 1859, Com (1st fl) 1831, att. garage/storage (1st Fl) 1055 plus a full basement. 1 res unit is vacant and other units are leased to tenants who are now on month to month. Large 47 ft * 93 ft lot. Parking at front and rear of building. Approx income/year after deducting 5% for vac losses. 3-1 bedrooms @ 625 each,1 com @ 490, 1 com @ 1240. Approx. expenses/year are $24248: water htr rentals @ 408., insurance @ 840, gas @ 1680, hydro@ 8640, taxes (after MPAC revision) 6212, repairs/maint @ 7% 3234, prop man. @7% 3234. NOI (before debt service) is approx $16522. Short distance to transit, Hamilton General Hospital, the new Pan/Am CFL stadium and Woodlands Park. Municipal parking 2 doors away. Rear lane access to garage/stor/parking. Purchaser to verify all financials and dimensions.

  • Property Type Industrial
  • Sale Price $319,900
  • Total Available Space 3,690 SF
  • Direct Available Space 0 SF
  • Sublet Available Space 0 SF
  • Min Divisible 0 SF
  • Max Contiguous 0 SF
  • Building Size 3,690 SF

Be the first to know

Receive emails from properties you follow when new suites are added to them.


Organize your favourite listings

Sign up to keep track of your favourite spaces and revisit them later.


Manage your inquiries

Create my account