1256 King Street E Hamilton, Ontario L8M 1G8
$1,250,000
Attention Investors! Looking for an excellent location that provides a healthy return on investment? You've found it! This recently updated and super well maintained mixed use building with 2 residential and 1 commercial unit is truly a remarkable find. The building is located on the proposed LRT route with multiple future transit stops within close proximity, literally! Being on the corner lot of King St E, the property is exposed to high traffic and a great amount of pedestrians passing by. About the building: Unit 1(Convenience store: Currently Leased for $2500+HST monthly with rent increasing to $2700+HST in July 2025, Approx. 1600 sq ft, desirable lease that is favourable to the Landlord is in place), Unit 2(Residential unit: Rented for $2600 + Utilities, 3 beds, 2 bathrooms, Approx. 1000 sq ft, unit has been fully renovated w/lots of upgrades), Unit 3(Residential unit: Vacant, but currently listed for $2400 + utilities, 3 beds, 1 bath, Approx. 890 SqFt unit has been fully renovated w/lots of upgrades), POTENTIAL for a 4TH UNIT in basement! All units have their own separate entrance. In addition, there is separate Hydro/Gas meters in place for the units. The Electrical room has been nicely organized and updated with 800 AMP services for the building! Parking for more than 5+cars. Landlord only pays for Property Tax, Property Insurance & Water Heater Rental. Super low cost to operate the building as the Retail Tenant maintains the property (Snow, Garbage removal, & more). (id:50886)
Property Details
| MLS® Number | 40694389 |
| Property Type | Other |
| Amenities Near By | Hospital, Public Transit, Schools |
| Community Features | High Traffic Area |
| Equipment Type | Water Heater |
| Features | Southern Exposure, Visual Exposure, Paved Driveway |
| Rental Equipment Type | Water Heater |
Building
| Basement Type | Full |
| Exterior Finish | Brick |
| Stories Total | 2 |
| Size Exterior | 3593.0000 |
| Size Interior | 3,593 Ft2 |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Hospital, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 118 Ft |
| Size Frontage | 62 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Toc1 |
https://www.realtor.ca/real-estate/27855341/1256-king-street-e-hamilton
Contact Us
Contact us for more information
Bland Jafar Kaka
Salesperson
1044 Cannon Street E. Unit T
Hamilton, Ontario L8L 2H7
(905) 308-8333
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February 01 2025 02:57:21
REALTORS® Association of Hamilton-Burlington
Keller Williams Complete Realty