108 Cumberland Avenue, Hamilton, ON, L8M 1Z3Listing ID# H3217275
Terrific mixed use property, commercial variety store on long term lease and 3 bedroom, 2 floor residential apartment above. Generates approximately $58,500 gross income, with net income of $50,800. Cap rate of 6%. Near planned development, densely populated residential area, park and public transportation. This corner property is a 2 1/2 storey brick building, central heating, outside storage area, many recent updates. Commercial tenancy has existed for many years, new owner and five year lease with renewal options. An excellent investment opportunity. Viewings by appointment.