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Investment signal

$648,900

1439 MAIN STREET E

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Location

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About this home

Opportunity to acquire a mixed-use property in Hamilton's evolving downtown east end with both commercial and residential components in place. The main floor is leased to a commercial tenant on a 3-year term at $1,900/month + HST and additional expenses, while the upper residential unit is leased at $2,300/month + utilities on a 2-year term. The property is fully stabilized, and it offers immediate income with clear upside potential through lease optimization and future rent growth. Positioned along Main St. E, the asset benefits from strong visibility, steady traffic, and long-term appreciation drivers, including the planned LRT line directly along the corridor. Current income provides a solid foundation for investors looking to add value and increase returns over time. With both units tenanted and contributing to carrying costs, this is an ideal opportunity for investors seeking a mix of in-place cash flow and future upside in a rapidly developing pocket of Hamilton. (id:65958)

Subtype: Retail
Community: Homeside
Living area: 1,450 square feet
Lot dimensions: 19.36 x 80 FT
On market: Apr 15, 2026
Status changed: Apr 15, 2026
Annual tax: $6,593
Zoning: TC01
Photos: 23
MLS#: X13002934
Area: HAMILTON_(HOMESIDE)

Features and systems

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Negative cash flow ~$1,286/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.89%

Cap rate

3.51%

GRM

16.6

Break-even rent

$4,603

Financing

Down payment$129,780

Loan amount$519,120

Mortgage$3,185/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$297

Insurance$80

Maintenance$541

CapEx reserve$270

Vacancy loss$163

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Hamilton (Homeside). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,185/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.