UPDATED:
Key Details
Property Type Commercial
Sub Type Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 9,927 sqft
Price per Sqft $433
MLS Listing ID 40809079
Abv Grd Liv Area 9,927
Annual Tax Amount $35,775
Property Sub-Type Building and Land
Source Cornerstone
Property Description
Turnkey medical-residential income property in the prestigious Durand neighbourhood of Hamilton — purpose-built for healthcare and upscale urban living. This fully renovated (2019) 9,927 SF three-storey building features a ground-floor medical/health clinic (approx. 2,363 SF) currently leased to a high-end operator, with flexibility for the tenant to relocate through sublease if desired, presenting an opportunity for a dentist, medical specialist, or plastic surgeon. The space includes a former surgical suite previously used by a plastic surgeon.
Above the commercial space are 10 luxury residential units — 2 bachelor, 6 one-bedroom, and 2 two-bedroom suites totaling approximately 7,203 SF of premium rental space.
Situated on a 0.205-acre lot with 49.75 ft frontage and 12+1 on-site parking, the property features 12' vaulted ceilings, new fire shutters, and common laundry with industrial machines. No heritage designation. Zoned E-L with Downtown Mixed-Use Official Plan designation permitting medical, professional, multiple residential, student housing, and retirement uses — with strong value-add potential including future conversion of commercial space to additional residential units (subject to approvals). CMHC financing eligible.
Located blocks away from St. Joes Hospital, near Mohawk College, McMaster, Augusta Street Restaurants, TD Coliseum — an unmatched location for medical tenants and urban residents alike. Stable income with exceptional long-term upside.
All information believed to be accurate but not guaranteed. Buyers to conduct regarding zoning, permitted uses, measurements, financials, and development potential.
Location
Province ON
County Hamilton
Area 12 - Hamilton West
Zoning E-1/S-704
Direction Left off James St S to Duke St
Rooms
Basement Full
Kitchen 0
Interior
Interior Features High Speed Internet
Fireplace No
Exterior
Parking Features Asphalt, Pay
Utilities Available Electricity Connected, Fibre Optics, Natural Gas Connected
Lot Frontage 49.75
Lot Depth 150.0
Garage No
Building
Lot Description Rectangular, Ample Parking, Business Centre, City Lot, High Traffic Area, Hospital, Public Transit
Faces Left off James St S to Duke St
Story 3
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Structure Type Stone,Stucco
New Construction No
Others
Senior Community No
Tax ID 171710048
Ownership Freehold/None
Virtual Tour https://youtu.be/4HgiXbUYj18
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Doug Folsetter
Sales Representative | License ID: 4729737
Sales Representative License ID: 4729737