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229 PARKDALE Avenue N
homes for sale · Hamilton · Normanhurst
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$545,000

229 PARKDALE Avenue N

Normanhurst, Hamilton · MLS® 40862197

332

2,625 sq ft · House · Single Family · 44 days on market

listed by Attila Biro, RE/MAX Escarpment Realty Inc.

realtor's description

Excellent mixed-use investment opportunity in a high-visibility location at 229 Parkdale Avenue North in Hamilton. This versatile property features a commercial storefront along with three one-bedroom residential units, offering multiple potential income streams and excellent upside for investors or owner-operators. The entire property is vacant and available for immediate occupancy or lease-up at current market rents. The upstairs has also been freshly painted and features new flooring, giving the residential space a clean, updated appearance. With no tenants in place, the property is easy to show and provides the new owner with complete flexibility. Convenient on-site parking is available at the side and rear of the building, a rare and valuable feature in the area. Positioned along a busy corridor, the commercial unit benefits from excellent exposure and accessibility, making it suitable for a variety of business uses. The building is currently serviced by one hydro meter and one gas meter, offering an opportunity for future optimization. Located close to major routes, public transit, and everyday amenities, this is a rare opportunity to acquire a fully vacant mixed-use property in a growing Hamilton neighbourhood with strong long-term potential.

property details

type
House, Single Family
bedrooms
3
bathrooms
3
living area
2,625 sq ft
parking
2
property tax
$4,100 / yr
days on market
44
MLS®
40862197

features

  • Refrigerator
  • Stove
  • Microwave

monthly cost

$2,716/mo
Mortgage $2,375 · Tax $342

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$2,375/ monthly
loan $436,000
25-year amortization
total interest
$276,354
cash to close
$109,000
down payment; transfer tax and fees not included
total paid
$712,354

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Normanhurst, HamiltonGoogle Maps ↗

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listed by
Attila Biro
RE/MAX Escarpment Realty Inc.
call Attila · 905-870-2476
Powered by: REALTOR.ca

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location

Normanhurst, HamiltonGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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