Hello Real Estate Investors in Hamilton Ontario!!
Drink up Hamilton Investors! The vacant, former Lakeport Brewery in Hamilton’s north end, east of James and it’s 50,000 square foot facility will be back in business later this year. The former company best known for it’s “24 for $24” marketing was sold to Labatts and production was moved to London, ON in 2010.
The new brewers is Arts and Science Brewing company which includes Burlington’s Nickel Brook Brewing Co and they make one of my favourite dark beers “Waterloo Dark”. 10,000 square feet of the space will be for retail and hospitality which makes me excited as I’ve always enjoyed touring brewing facilities (Labatt and Steam Whistle in Toronto and Alexander Keiths in Halifax) and beer tasting 🙂
Implications for you investors? As always, real estate values follows the jobs and the brewery will employ 50 people and grow as production increases. Also important is breweries emit gases so you do not want a property too close by as the smells will negatively affect your ability to rent and property values.
Sources: http://collectiveartsbrewing.com/welcome-to-our-new-digs/ and http://www.investinhamilton.ca/drink-hamiltons-newest-craft-brewery/
Legal (Non-Conforming) Triplex
As my clients always hear me say “Buy legal” as in multi-family properties where the use is allowed by the city and here we have one for sale in the St. Clair neighbourhood. Walkscore 88!!!
The building is above average condition which was rented for $2,100 per month but after some cosmetic renovations and tenant turnover, rents can go up a few hundred. I would recommend coin operated laundry as well.
List $295,800. View Details
Contact us for financials and to book a showing! Legal multis in good condition are rare, in high demand and sell fast!
Till next time – Happy Hamilton Investing Everyone!
Erwin | MrHamilton.ca
PS: If you are just starting out investing, start by investing in yourself by getting training by Clicking here for FREE Training on “How to Invest in Nice Homes in Nice Areas”
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