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216-218 KING Street E

Beasley, Hamilton, L8N1B5

Listed by RE/MAX Escarpment Golfi Realty Inc.

$1,800,000

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  • 3000 sq ft

Listed 111 days ago · MLS® 40844755

About this home

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:66966)

Details

Type
Other
Size
3000 sq ft
Basement
Partial
Property tax
$22,840
Neighbourhood
Beasley
Municipality
Hamilton

Interior

Fireplace
No

Heating, cooling and services

Water and sewer
Municipal sewage system
Utilities
Natural Gas, Electricity

Building and exterior

Building area
3,000 square feet

Location

Location is approximate. See nearby homes on the map

Listed by RE/MAX Escarpment Golfi Realty Inc..

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