$1,489,000 Sale

Listed 15 hours ago

571-575 KING Street E

MLS® 40872439 Residential Commercial Mix

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · 5544

Est. mortgage

$5,022/mo

Key Facts

Key facts for 571-575 KING Street E

Property Type

Commercial

Parking

Garage: No, 0 parking

MLS #

40872439

Size

5544 sqft

Basement

Full

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

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 thre...e 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:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

5544 sqft

Basement

Full

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

5544 sqft

Basement

Full

Full Bathrooms

Half Bathrooms

Exterior

Acreage

under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Zoning Description

TOC1

Land Amenities

Public Transit, Schools

Acreage

under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Zoning Description

TOC1

Land Amenities

Public Transit, Schools

Building Description

Home Type

Commercial

Subtype

Residential Commercial Mix

Sewers

Municipal sewage system

Water Supply

Municipal water

Home Type

Commercial

Subtype

Residential Commercial Mix

Sewers

Municipal sewage system

Water Supply

Municipal water

Community

Landsdale

Area Code

Hamilton

Features

High Traffic Area

Community

Landsdale

Area Code

Hamilton

Features

High Traffic Area

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Jagmohan Sabharwal

Email: [email protected] Cell: 416 877 4680