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Landsdale, Hamilton
$729,900
Excellent opportunity to own a free-standing commercial/residential mixed-use property on a prime corner lot in a mature Hamilton neighborhood. Offering approximately 2,000 sq. ft., the property features multiple income opportunities, including a main-floor retail space currently operating as a convenience store with an attached 1-bedroom residential unit, a second-floor 3-bedroom apartment with a private entrance and estimated rental potential of approximately $2,400/month, and a basement with 1 bedroom and 1 bathroom. The property also benefits from a city-issued legal separate entrance, providing added flexibility and potential for additional permitted uses, subject to buyer verification. The convenience store has been owner-operated for approximately 12 years and has established a loyal neighborhood customer base. The existing business and clientele are included in the sale, offering immediate operating potential for an owner-operator or investor. The property's value is primarily in the real estate, with the business representing additional income and future upside. Suitable for investors, owner-operators, or buyers seeking a mixed-use property with residential rental income and long-term commercial potential. Rare opportunity to acquire a free-standing mixed-use building in an established Hamilton neighborhood.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 31-50 |
| Size | 2000-2500 sq. ft. |
| Property Tax | $4,800 |
| Lot Size | 66 ft x 30 ft |
| mls© Number | X13601908 |
| Listed By | REAL ONE REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,736
- Property tax
- $400
- Heat allowance
- $150
- Housing costs
- $4,286 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$132,000
gross annual household income
- Payment at 4%
- $3,072 / mo
- Cash down
- $145,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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