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. 1000SqFt, 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. 890SqFt, unit has been fully renovated w/lots of upgrades), POTENTIAL for a 4TH UNIT in basement! All units have their own separate entrances. In addition, there are separate Hydro/Gas meters in place for the units. The Electrical room has been nicely organized and updated with 800 AMP service 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).
Keller Williams Complete Realty
$1,250,000
1256 King Street E, Hamilton, Ontario
3 Bedrooms
3 Bathrooms
Property
MLS® Number: 40694402
Address: 1256 King Street E
City: Hamilton
Lot Size: 117.66ft x 62.41ft
Utilities
Central Air: Yes
Heating: Forced Air, Natural Gas, Other
Parking
Parking Spaces: 6
This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.
Property Sale History
Travel and Neighbourhood
90/100Walk Score®
Walker's Paradise
Wondering what your commute might look like? Get Directions
Location
