320 King Street East presents a rare opportunity to acquire a fully stabilized, 5-unit mixed-use asset in the heart of Hamilton’s historic International Village. Generating a highly efficient actual Net Operating Income of $62,459.46 with zero vacancy, the 2,901-square-foot property features a main-floor retail space, three standard apartments, and a premium 650-square-foot renovated coach house ideal for owner-occupiers or yield-focused investors. While currently performing as a turn-key cash generator, the asset offers tangible value-add potential through a significant loss-to-lease opportunity on one drastically under-market residential unit. Furthermore, with a Walker's Paradise Walk Score of 98 and Transit Oriented Corridor (TOC1) zoning, this property is strategically positioned for massive long-term capital appreciation directly along the route of Hamilton's upcoming $3.4 billion Light Rail Transit (LRT) project. (id:4069)
Address
320 KING Street E
List Price
$1,199,999
Property Type
Other
Type of Dwelling
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
Hamilton
Floor Area
1,945 Sq. Ft.
Lot Size
0.088 Ac.
MLS® Number
40807775
Listing Brokerage
Keller Williams Complete Realty
Basement Area
Full
Postal Code
L8N1C2
Zoning
D2
Site Influences
Public Transit
Features
Visual exposure
