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1047 MAIN Street E
Hamilton Ontario L8M1N5 Canada

$650,000

Active Listing ID 40804407
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4 bed
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2,320 square feet
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2.00 Bath
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Multi-family

$650,000

Active Listing ID 40804407
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1047 MAIN Street E PRICED TO SELL. Fully vacant mixed-use triplex offering a strong live and work plus income investment opportunity with immediate ability to set market rents. The property includes a street-facing main-floor commercial unit, a self-contained rear residential apartment, and a spacious 3-bedroom upper unit, all with separate entrances and over 2, 300 sq ft of total space. Flexible C2 zoning supports a range of commercial and residential uses. Recent capital improvements include roof (2024), boiler (2021), new rear deck (2025), renovated bathrooms, updated flooring, and refreshed commercial interiors, reducing near-term capital expenditure. Located on a high-visibility corridor steps to transit, amenities, and long-term area growth with anticipated future LRT connectivity, the property also offers one on-site driveway parking space plus nearby street parking. Projected rents are $4, 300 to $5, 100 per month with projected NOI of $42, 000 to $45, 000 annually, making this a flexible asset suitable for investors seeking stable cash flow and long-term appreciation potential. (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: Wall unit
  • Exterior Finish: Brick
  • Heating Systems: Radiant heat, Natural gas
  • Additional Features
  • Basement
Listing Changed: 2/12/2026 1:40:15 AM GMT
Source Updated Date: 2/15/2026 4:20:00 AM GMT

Courtesy of: JOSELINE NICHOLAS, Broker, Re/Max Icon Realty