$2,299,000
Available - For Sale
Listing ID: X12007593
835 King Stre East , Hamilton, L8M 1B1, Hamilton
| 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. |
| Price | $2,299,000 |
| Taxes: | $18600.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 835 King Stre East , Hamilton, L8M 1B1, Hamilton |
| Postal Code: | L8M 1B1 |
| Province/State: | Hamilton |
| Legal Description: | LTS 22, 23 & 24, PL 473 ; PT LT 72, PL 3 |
| Lot Size: | 72.00 x 80.00 (Feet) |
| Directions/Cross Streets: | Holton Ave. N./King St. E. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Category: | Store With Apt/Office |
| Building Percentage: | T |
| Total Area: | 11696.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 0 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 4406 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | F |
| Sprinklers: | Part |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | Partial |
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| IPRO REALTY LTD. |
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At a Glance:
| Type: | Com - Store W Apt/Office |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Gibson |
| Lot Size: | 72.00 x 80.00(Feet) |
| Tax: | $18,600 |
| Fireplace: | N |
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