1047 MAIN Street
Hamilton
Retail
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.
Price History
Schools
Elementary
- Memorial Elementary School Public School0.6 km
Public · Hamilton-Wentworth DSB · 360 students
Grade 3 reading: 52% met the provincial standard · Grade 6 math: 30% met the provincial standard
- Holy Name of Jesus Catholic Elementary School0.7 km
Catholic · Hamilton-Wentworth CDSB · 450 students
Grade 3 reading: 87% met the provincial standard · Grade 6 math: 31% met the provincial standard
- St. John the Baptist Catholic Elementary School0.8 km
Catholic · Hamilton-Wentworth CDSB · 395 students
Grade 3 reading: 73% met the provincial standard · Grade 6 math: 44% met the provincial standard
Secondary
- Bernie Custis Secondary School Secondary School0.8 km
Public · Hamilton-Wentworth DSB · 955 students
Grade 10 literacy: 65% met the provincial standard
- Sherwood Secondary School1.9 km
Public · Hamilton-Wentworth DSB · 1255 students
Grade 10 literacy: 79% met the provincial standard
- Cathedral High School2.4 km
Catholic · Hamilton-Wentworth CDSB · 1650 students
Grade 10 literacy: 64% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L8M
- Population
- 13,774
- Private dwellings
- 7,096
- Median age
- 38.4
- Average household size
- 2.1
- Median household income
- $61,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Retail in Hamilton · last 12 months
- Median sold price
- $683,250
- Homes sold
- 5,010
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 5,010 recorded sales of retail properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$123,000
Estimated Monthly Payment
$3,021
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,021/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $154/mo
Estimates only. Consult a financial advisor.
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