$1,900,000
Available - For Sale
Listing ID: X13515502
216-218 King Street East , Hamilton, L8N 1B5, Hamilton
| Excellent mixed-use investment opportunity in the heart of downtown Hamilton. This income-producing property features 2 fully leased ground-floor retail units, 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. |
| Price | $1,900,000 |
| Taxes: | $22840.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 216-218 King Street East , Hamilton, L8N 1B5, Hamilton |
| Postal Code: | L8N 1B5 |
| Province/State: | Hamilton |
| Legal Description: | LT 3-4 RCP 1391; CITY OF HAMILTON |
| Directions/Cross Streets: | Walnut Street S |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Store With Apt/Office |
| Building Percentage: | T |
| Total Area: | 3000.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 1200 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Rail: | N |
| Heat Type: | Electric Forced Air |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX ESCARPMENT GOLFI REALTY INC. |
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At a Glance:
| Type: | Com - Store W Apt/Office |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Beasley |
| Tax: | $22,840 |
| Fireplace: | N |
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