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61 Young Street, Hamilton, ON, L8N 1V1

MLS® # 40698023
Commercial For Sale In Corktown, Hamilton, Ontario
$822,000
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
61 Young Street, Hamilton, ON
  • Advertising
61 Young Street, Hamilton, ON, L8N 1V1
$822,000

Property Information:

This high-exposure corner property offers a low-maintenance investment with strong returns. With two spacious 1-bed apartments on the upper two floors and an established restaurant on the main floor, this high-visibility, high-demand location benefits from immediate proximity to the GO Station, public transit, St. Joseph's Hospital, and multiple new residential developments. The second floor apartment is tenanted and the third floor apartment has been left vacant for the sale process; having also been recently updated with new windows. Despite all rents being below market value, this property is being offered at a 6.5% cap rate (once 2nd floor is tenanted). This is an excellent opportunity to acquire an affordable investment property in the heart of Hamilton's thriving southern downtown area!

Inclusions: To Be Discussed With Listing Agent

Exclusions : Tenant Belongings

Building Features:

  • Floor Space: 2920 Square Feet

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Full
  • Floor Space (approx): 2920 Square Feet
  • Lot Depth: 67 Feet
  • Lot Features: City Lot, High Traffic Area, Hospital, Public Transit, Visual Exposure
  • Lot Frontage: 22.75 Feet
  • Water Source: Municipal
  • Zoning: C5 Mixed Use Medium Density
  • Sewer: Sewer (Municipal)

Courtesy of: Sotheby's International Realty Canada

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 61 Young Street, Hamilton, ON, L8N 1V1

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

29 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: Moderate

29 hot days expected in 2050

47/100

Moderate

ClimateCheck®

Current data

This property, 61 Young Street , experiences 7 hot days per year at around 32.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 35.6 degrees Celsius.

Projected Avg. Temperature

Past
32.1℃
2050
35.6℃

# Hot Days Per Year

Past
7
2050
29

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

13 storms expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 61 Young Street , experiences 11 significant 2-day storms per year, with about 306.7mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 381.7mm of precipitation per year.

Precipitation Per Storm

Past
306.7mm
2050
381.7mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 61 Young Street, Hamilton, ON, L8N 1V1

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$88,954.95

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.96 %

High school certificate or equivalent

28.22 %

Apprenticeship trade certificate/diploma

4.3 %

College/non-university certificate

20.33 %

University certificate (below bachelor)

0.7 %

University Degree

26.49 %

Commuter

Travel To Work

By Car

55.2 %

By Public Transit

25.19 %

By Walking

14.86 %

By Bicycle

0.49 %

By Other Methods

4.26 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

86.6 %

Houses

13.4 %

Own Vs. Rent

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