$615,000Asking Price
1047 Main Street E, Hamilton, ON L8M 1N5
Crown Point, Hamilton
PRICED TO SELL! Fully Vacant Mixed-Use Triplex. Exceptional live-work-invest opportunity with immediate ability to set market rents. This versatile property offers over 2,300 sq ft of total space and includes a street-facing main floor commercial unit, a self-contained rear residential apartment, and a spacious 3-bedroom upper unit, all with separate entrances for added flexibility. Flexible C2 zoning permits a wide range of commercial and residential uses, making it ideal for investors, entrepreneurs, or owner-operators looking to run a business while generating rental income. Recent capital improvements include roof (2024), boiler (2021), new rear deck (2025), renovated bathrooms, updated flooring, and refreshed commercial interiors, helping reduce near-term capital expenses. Located along a high-visibility corridor just steps to transit, amenities, and everyday conveniences, with strong long-term growth potential and anticipated future LRT connectivity. The property also offers one driveway parking space plus convenient nearby street parking. Projected rents of $4,300-$5,100/month with an estimated NOI of $42,000-$45,000 annually, making this a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation.
PRICED TO SELL! Fully Vacant Mixed-Use Triplex. Exceptional live-work-invest opportunity with immediate ability to set market rents. This versatile property offers over 2,300 sq ft of total space and includes a street-facing main floor commercial unit, a self-contained rear residential apartment, and a spacious 3-bedroom upper unit, all with separate entrances for added flexibility. Flexible C2 zoning permits a wide range of commercial and residential uses, making it ideal for investors, entrepreneurs, or owner-operators looking to run a business while generating rental income. Recent capital improvements include roof (2024), boiler (2021), new rear deck (2025), renovated bathrooms, updated flooring, and refreshed commercial interiors, helping reduce near-term capital expenses. Located along a high-visibility corridor just steps to transit, amenities, and everyday conveniences, with strong long-term growth potential and anticipated future LRT connectivity. The property also offers one driveway parking space plus convenient nearby street parking. Projected rents of $4,300-$5,100/month with an estimated NOI of $42,000-$45,000 annually, making this a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation.
See MoreKey Info
- 3-Storey Detached
- 1-Car Driveway
- No Garage
- Main Street East and Gage Avenue
- 2000-2500 Approximate Sq Feet
- Unfinished Basement
- 2 Kitchens
- Radiant Gas Heating
Property
- Lot Size 30 x 110 Acres
- Brick Exterior
- Taxes were $5,107 in 2025
- Possession: Immediate/Flexible
Details
- No Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #X12901832
- RE/MAX Icon Realty
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Foyer | Main | 7.25' x 7.12' | |
| 2 | Office | Main | 12.20' x 24.02' | |
| 3 | Kitchen | Main | 8.46' x 8.50' | |
 | 1 2-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom on Main Floor | |||
| 1 2-Piece Bathroom | |||
| 1 4-Piece Bathroom | |||
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Who lives here?
Crown Point, Hamilton is a west GTA neighbourhood notable for its singles, renters, salespeople, tradespeople and manufacturing workers. Residents tend to be younger with a significant number of babies, kids aged 5 to 14 and adults aged 25 to 59.
Families
Kids Per Family
1.2
kids per family
in the neighbourhood.
Singles
54%
of residents are
single and loving it.
54% singles
Hamilton (46%)Renters
34%
of residents
are renters.
34% renters
Hamilton (32%)Education
9%
of residents are
university grads.
9% university grads
Hamilton (28%)Income
Average Household Income
$68K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 19% |
| Trades | 13% |
| Business | 7% |
| Manufacturing | 6% |
| Government | 5% |
Immigrants
14%
of residents were
born outside of Canada.
14% immigrants
Hamilton (25%)Birthplace - All
2.1% from Caribbean
All-time
Birthplace - Recent
0.2% from Syria
Recent
Foreign Languages
Foreign Languages
| Spanish | 2% |
| French | 1% |
| Portuguese | 1% |
| Arabic | 1% |
| Italian | 1% |
Religions
Religions
| Christian | 56% |
| Buddhist | 1% |
