Quote:
Originally Posted by mattgrande
Anyone have a realistic estimate of what those buildings would be worth today?
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I can only imagine Dr. Evil saying "one million dollars"
Downtown Hamilton is a strange place. It's almost impossible to put a price on properties there. It seems like some places go for dirt cheap, and others are unrealistically expensive. There are too many properties that people have been hanging onto for decades, with little or no improvement, in the hopes they would be able to sell them for top dollar in the impending boom.
So, from the pessimist's perspective, the buildings are worthless because they require a big investment and have limited potential to generate income, and from the optimist's perspective they are worth a couple million simply due to their location, or perhaps because of their historic character.