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$ 1,250,000
Est. payment /mo
Active
1256 KING Street E Hamilton, ON L8M1G8
3 Beds
3 Baths
3,593 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 3,593 sqft
Price per Sqft $347
Subdivision 202 - Gibson/Stipley South
MLS® Listing ID 40694402
Bedrooms 3
Originating Board Cornerstone - Hamilton-Burlington
Property Sub-Type Freehold
Property Description
Attention Investors! Looking for an excellent location that provides a healthy return on investment? You've found it! This recently updated and super well maintained mixed use building with 2 residential and 1 commercial unit is truly a remarkable find. The building is located on the proposed LRT route with multiple future transit stops within close proximity, literally! Being on the corner lot of King St E, the property is exposed to high traffic and a great amount of pedestrians passing by. About the building: Unit 1(Convenience store: Currently Leased for $2500+HST monthly with rent increasing to $2700+HST in July 2025, Approx. 1600 sq ft, desirable lease that is favourable to the Landlord is in place), Unit 2(Residential unit: Rented for $2600 + Utilities, 3 beds, 2 bathrooms, Approx. 1000SqFt, unit has been fully renovated w/lots of upgrades), Unit 3(Residential unit: Vacant, but currently listed for $2400 + utilities, 3 beds, 1 bath, Approx. 890SqFt, unit has been fully renovated w/lots of upgrades), POTENTIAL for a 4TH UNIT in basement! All units have their own separate entrances. In addition, there are separate Hydro/Gas meters in place for the units. The Electrical room has been nicely organized and updated with 800 AMP service for the building! Parking for more than 5+cars. Landlord only pays for Property Tax, Property Insurance & Water Heater Rental. Super low cost to operate the building as the Retail Tenant maintains the property (Snow, Garbage removal, & more). (id:24570)
Location
Province ON
Interior
Heating Forced air, Other,
Cooling Central air conditioning
Exterior
Parking Features No
Community Features High Traffic Area, Community Centre
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Keller Williams Complete Realty