1256 KING ST E new Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8M 1G8
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,593 sqft
Price per Sqft $347
Subdivision Gibson
MLS Listing ID X11957913
Annual Tax Amount $10,603
Tax Year 2024
Property 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).
Location
Province ON
County Hamilton
Community Gibson
Area Hamilton
Zoning TOC1
Interior
Cooling Yes
Inclusions Unit 1: Dishwasher, Stove, Fridge, Washer & Dryer, Range Hood. Unit 2: Stove, Fridge, Range Hood.
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Lot