571-575 KING Street E

About this home

Significantly renovated mixed-use investment property on Hamilton's future LRT corridor! Offering 5,544 sq. ft. above grade, this exceptionally well-maintained, two-storey building underwent an extensive, near-total renovation in 2019–2020 and features three 1-bedroom residential apartments and three ground-floor retail storefronts, two of which are currently combined into one commercial unit. A full, usable basement provides substantial additional storage, while a rear fire escape adds further functionality. Offered at an attractive 6.2% cap rate, reflecting the significant capital investment already undertaken, this is an opportunity to acquire a substantially improved asset with diversified residential and commercial income. Situated on King Street East, directly along the planned Hamilton LRT route, the property is exceptionally well positioned to benefit from future transit investment, neighbourhood revitalization, and long-term growth. An appealing opportunity for investors seeking quality construction, current income, and meaningful future upside. (id:66966)

Details

Type

Other

Size

5544 sq ft

Basement

Full

Property tax

$11,553

Neighbourhood

Landsdale

Municipality

Hamilton

Interior

Fireplace

No

Heating, cooling and services

Water and sewer

Municipal sewage system

Building and exterior

Building area

5,544 square feet

Location

Location is approximate. See nearby homes on the map