Excellent mixed-use investment opportunity in the heart of downtown Hamilton. This income-producing property features 2 fully leased ground-floor retail units generating a combined $4,300/month, plus 2 vacant 1-bed, 1-bath loft-style residential units, each with a private balcony overlooking vibrant King St. E, ready to be leased at today's market rents. An additional third residential unit offers excellent value-add potential and awaits restoration, providing an opportunity to further increase income through renovation. All 4 existing units are separately metered, allowing for efficient utility management. The property also offers rear parking and is ideally located close to public transit, shopping, restaurants, and the ongoing growth and revitalization of Hamilton's downtown core. A rare opportunity to acquire a well-located mixed-use asset with immediate commercial income, vacant residential units ready for lease-up, and future upside through renovation and increased rental potential. (id:4069)
Address
216-218 KING Street E
List Price
$1,900,000
Property Type
Other
Type of Dwelling
Residential Commercial Mix
Transaction Type
Sale
Area
Ontario
Sub-Area
Hamilton
Floor Area
3,000 Sq. Ft.
Lot Depth
107 ft
Frontage Length
37 ft
MLS® Number
40844755
Listing Brokerage
RE/MAX Escarpment Golfi Realty Inc.
Basement Area
Partial
Postal Code
L8N1B5
Zoning
D2
Ownership
Freehold
Site Influences
Public Transit
Community Features
High Traffic Area
Number Of Floors In Building
2
Water Source
Municipal water
Access To Property
Road access
Sewer
Municipal sewage system
