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$2,499,000
Available - For Sale
Listing ID: X12007593
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 $2,499,000
Taxes: $18,600
Tax Type: Annual
Occupancy by: Tenant
Address: 835 King St East , Hamilton, L8M 1B1, Ontario
Postal Code: L8M 1B1
Province/State: Ontario
Legal Description: LTS 22, 23 & 24, PL 473 ; PT LT 72, PL 3
Lot Size: 72 x 80 (Feet)
Directions/Cross Streets: Holton Ave. N./King St. E.
Zoning: H
Category: Store With Apt/Office
Building Percentage: Y
Total Area: 11,696
Total Area Code:  Sq Ft
Office/Appartment Area: 0
Office/Appartment Area Code: Sq Ft
Retail Area: 4406
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Financial Statement: N
Chattels: N
Franchise: N
Sprinklers: Part
Heat Type: Gas Hot Water
Central Air Conditioning: Part
Water: Municipal
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
IPRO REALTY LTD.

835 King St East , Hamilton, L8M 1B1, Ontario


 
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At a Glance:
Type: Com - Store W/Apt/Office
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Gibson
Style:
Lot Size: 72.00 x 80.00(Feet)
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Tax: $18,600
Maintenance Fee: $0
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