$4,299,990

About this property

Prime Medical & Residential Investment | Durand, Hamilton 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.

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