14 Duke Street, Hamilton, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Durand. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $4,299,990 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 49.75 x 150 ft lot size
- equipped with yes central cooling and highly efficient radiant heating
Description
Prime Medical & Residential Investment | Durand, Hamilton Turnkey medical-residential income property in the prestigious Durand neighbourhood of Hamilton - purpose-built for healthcare and upscale urban living. This fully renovated (2019) 9,927 SF three-storey building features a ground-floor medical/health clinic (approx. 2,363 SF) currently leased to a high-end operator, with flexibility for the tenant to relocate through sublease if desired, presenting an opportunity for a dentist, medical specialist, or plastic surgeon. The space includes a former surgical suite previously used by a plastic surgeon. Above the commercial space are 10 luxury residential units - 2 bachelor, 6 one-bedroom, and 2 two-bedroom suites totaling approximately 7,203 SF of premium rental space. Situated on a 0.205-acre lot with 49.75 ft frontage and 12+1 on-site parking, the property features 12' vaulted ceilings, new fire shutters, and common laundry with industrial machines. No heritage designation. Zoned E-L with Downtown Mixed-Use Official Plan designation permitting medical, professional, multiple residential, student housing, and retirement uses - with strong value-add potential including future conversion of commercial space to additional residential units (subject to approvals). CMHC financing eligible. Located blocks away from St. Joes Hospital, near Mohawk College, McMaster, Augusta Street Restaurants, TD Coliseum - an unmatched location for medical tenants and urban residents alike. Stable income with exceptional long-term upside. All information believed to be accurate but not guaranteed. Buyers to conduct regarding zoning, permitted uses, measurements, financials, and development potential.
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Property Summary
This commercial retail located at 14 Duke Street, Hamilton is currently for sale and has been available on SousaSells for 128 days. This property is listed at $4,299,990 with an estimated mortgage of $14,313* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 14 Duke Street, Hamilton is in the Durand neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 14 Duke Street, Hamilton, ON L8P 1X1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $4,299,990 in Hamilton, the legal minimum down payment is $859,998 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $93,975 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $93,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.