122 Queen St S
Hamilton, ON L8P 3S2
Local commercial Bien À vendre

This offering presents a high-yield mixed-use property situated in a high-demand Hamilton location. The 7,000 sq. ft. building provides a unique combination of stable income and future redevelopment potential. Currently generating a 6.3% cap rate, the asset delivers consistent cash flow supported by long-term tenants. Recent upgrades, including an updated roof and efficient mechanical systems, reduce capex risk.
The property layout accommodates flexible investment strategies. Investors can maintain the mixed-use structure for continued income or reposition the building to enhance returns. Options include converting the upper floors into six residential units while retaining ground-floor retail or pursuing a conversion into an eight-unit residential development. This adaptability, coupled with robust cash flow, positions the property as a rare opportunity for value-add investors in a thriving market.