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14 Duke Street, Hamilton, ON, L8P 1X1

MLS® # 40613346
new listing
Commercial For Sale In Durand, Hamilton, Ontario
$4,799,900
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14 Duke Street, Hamilton, ON, L8P 1X1
$4,799,900

Property Information:

CMHC Qualifying Prime Mixed-Use Investment Property Located in High-End South Downtown Durand Neighborhood. Property features luxury residential and Medical Office with former plastic surgery suite, making it an excellent investment opportunity. Offers an excellent CAP rate with substantial net operating income. Vacant possession to achieve highest possible income for residential. Luxury Residential Units (2nd & 3rd floor): 10 turn-key luxury apartments, including 2 bachelor units, 6 one-bedroom units, and 2 two-bedroom units. Ideal rental location for healthcare professionals and professionals commuting to Toronto by GO Train or Bus from station one block south. Medical office: Ground floor commercial space (2,724 SF) currently used as a high-end medical clinic. CMHC Financing: Property qualifies for CMHC financing. Excellent Rental Location: Proximity to major amenities including McMaster University, St. Joseph’s Hospital and lots of Medical establishments, and Hamilton GO Station. Potential to convert commercial space into additional residential units, maximizing rental income. Recent upgrades include new AC units, window replacements, fiber optic, electronic access, and upgraded security. With mortgage rates expected to decrease soon, now is the ideal time to secure this fantastic deal. Seize this outstanding investment opportunity in a premium location.

Inclusions: Chattel List To Be Provided

Exclusions : Tenants Belonging And Equipment

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Full
  • Lot Depth: 150 Feet
  • Lot Features: Business Centre, City Lot, High Traffic Area, Hospital, Public Transit
  • Lot Frontage: 49.75 Feet
  • Water Source: Municipal
  • Zoning: E-1/S-704 & E-1/S-704a
  • Sewer: Other
  • No. of Parking Spaces: 12

Courtesy of: COSMOPOLITAN REALTY, RE/MAX NIAGARA REALTY LTD, BROKERAGE

Data provided by: Niagara Association of REALTORS® 116 Niagara Street, St. Catharines, Ontario L2R 4L4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

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Location of 14 Duke Street, Hamilton, ON, L8P 1X1

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: High

29 hot days expected in 2050

Projected Storm Risk: High

13 storms expected in 2050

Projected Heat Risk: High

29 hot days expected in 2050

47/100

High

ClimateCheck®

Current data

This property, 14 Duke 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 Storm Risk: High

13 storms expected in 2050

58/100

High

ClimateCheck®

Current data

This property, 14 Duke 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 14 Duke Street, Hamilton, ON, L8P 1X1

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$96,165.81

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.0 %

High school certificate or equivalent

24.13 %

Apprenticeship trade certificate/diploma

3.96 %

College/non-university certificate

19.87 %

University certificate (below bachelor)

2.53 %

University Degree

37.52 %

Commuter

Travel To Work

By Car

60.04 %

By Public Transit

20.35 %

By Walking

15.75 %

By Bicycle

0.21 %

By Other Methods

3.65 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

89.55 %

Houses

10.45 %

Own Vs. Rent

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