1047 Main Street E, Hamilton - Sold for $600,000 | Modern Solution Realty

1047 Main Street E, Hamilton

1047 Main Street E in Hamilton - 3 bedroom, 4 bathroom. Sold for $600,000. Listed at $615,000.

PRICED TO SELL! Fully Vacant Mixed-Use Triplex. Exceptional live-work-invest opportunity with immediate ability to set market rents. This versatile property offers over 2,300 sq ft of total space and 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 for added flexibility. Flexible C2 zoning permits a wide range of commercial and residential uses, making it ideal for investors, entrepreneurs, or owner-operators looking to run a business while generating rental income. Recent capital improvements include roof (2024), boiler (2021), new rear deck (2025), renovated bathrooms, updated flooring, and refreshed commercial interiors, helping reduce near-term capital expenses. Located along a high-visibility corridor just steps to transit, amenities, and everyday conveniences, with strong long-term growth potential and anticipated future LRT connectivity. The property also offers one driveway parking space plus convenient nearby street parking. Projected rents of $4,300-$5,100/month with an estimated NOI of $42,000-$45,000 annually, making this a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation.

Property Details

  • Property Type: Mortgage
  • Style: 3-Storey
  • Square Footage: 2250 sqft
  • Basement: Separate Entrance
  • Heating: Gas
  • Cooling: Wall Unit(s)
  • Parking: 1 space
  • Property Taxes: $5,107.44/yr
  • Neighbourhood: Crown Point
  • Postal Code: L8M 1N5

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