$1,250,000
( $347.90Per Sq Foot )
 $6,710 est/mo Sourced by Back At You

1256 King Street E , Hamilton, ON L8M 1G8

Hamilton, ON L8M 1G8

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Description

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).

Details

MLS#40694389
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site17
Listing Provided ByKeller Williams Complete Realty | Bland Jafar Kaka

Features

SQ Feet3,593
BasementY
Story(s)2
ZoningTOC1
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 3 minutes ago
StateON
CountyHamilton
CityHamilton
Zip CodeL8M 1G8
Area20 Hamilton Centre
Subarea202 Gibson | Stipley South
Community Name202 Gibson/Stipley South
Listing VS Median (in 202 Gibson/Stipley South)
Price:
$1,250,000
low | high
Med:
$292,400
100% of Average
SqFt:
3,593
low | high
Med:
520
100% of Average
$ / SqFt:
$348
low | high
Med:
$561
11.201655952381% of Average
On Site:
17
low | high
Med:
9.500000
100% of Average
Sourced by Back At You
Listing Updated: February 3, 2025 at 1:26:38 PM PST