835 King Street E Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8M 1B1
Key Details
Property Type Commercial
Sub Type Mixed,Building Only
Listing Status Active
Purchase Type For Sale
Square Footage 11,696 sqft
Price per Sqft $213
MLS Listing ID 40705746
Annual Tax Amount $18,600
Property Sub-Type Mixed,Building Only
Property Description
Exceptional Investment Opportunity! This property consists of 6 recently renovated residential units and 4 commercial units. The residential units were completely gutted and rebuilt in 2019 with no expense spared, featuring new windows, doors, flooring, countertops, appliances, bathrooms, kitchens and independent HVAC systems for each unit. The property consists of a three-story building with an approximate total area of 11,696 square feet. The commercial portion of the building comprises approximately 4,406 square feet of leasable space, spread across four street-front commercial units, each including basement space. The residential portion of the building accounts for around 7,290 square feet of gross area. With the upcoming construction of the new LRT route running directly along King St. E. and on-site parking, this location is set for even greater potential. All tenants cover their own hydro and gas expenses. A highly profitable investment, with dropping interest rates this is your chance to acquire 10 doors in one GO and start cash flowing. Current NOI of approximately $130k. A highly profitable investment, with dropping interest rates this is your chance to acquire 10 doors in one transaction and start cash flowing. This LEGAL, turnkey 10-unit building has undergone significant renovations in the past 4 years, including upgrades to kitchens, bathrooms, flooring, and more. The property features 4 commercial units and 6 residential units, 5 three-bedroom units and 1 two-bedroom unit. The building also offers coin-operated laundry facilities on the main floor, for servicing residential units.
Location
Province ON
County Hamilton
Area 20 - Hamilton Centre
Zoning TOC3
Rooms
Kitchen 0
Building
Lot Description Public Transit
Story 3
Sewer Sewer (Municipal)
Water Municipal
New Construction No