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518 - 522 Upper Sherman Avenue Hamilton, Ontario L8V 3L8

3600
Air Conditioned Forced Air

$1,200,000

Fantastic Opportunity to own a freestanding retail building in an excellent Hamilton Mountain location. High Visibility on the Upper Sherman corridor. Currently rented to one tenant who is a popular physiotherapy clinic. Lease in place until September 30th, 2023. Current Rent at $5,407.50 + HST / month. To increase to $5569.73 + HST on October 1st 2020. Rent increased every two years (on lease). Tenant pays all utilities and expenses (including taxes as per lease). The building itself is extremely well built. All three units (#518, #520, #522) have their own front and rear entrances as well as their own bathrooms. Currently there are doorways connecting all three units as the existing tenant uses the entire space. Parking is offered at 3-4 spaces at the front of the building (off of Upper Sherman Ave.) and 5-6 spaces at the back of the building (off of Brucedale Avenue East). The building also offers a laundry room and a separate kitchenette in the middle unit. Financials available. The roof was updated in 2015 and the HVAC system in 2014. (id:38039)

Business

Business Type Personal Services

Property Details

MLS® Number H4088754
Property Type Retail
Parking Space Total 10

Building

Basement Type None
Cooling Type Air Conditioned
Fire Protection Smoke Detectors
Fireplace Present No
Heating Type Forced Air
Size Interior 3600
Type Commercial Mix
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer, Storm Sewer
Size Depth 108 Ft
Size Frontage 70 Ft
Size Irregular 70.01 X 108
Size Total Text 70.01 X 108|under 1/2 Acre
Zoning Description C2

https://www.realtor.ca/real-estate/22398331/518-522-upper-sherman-avenue-hamilton

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