571-575 King Street E Hamilton, Ontario L8L 5N3

5544 sqft

$1,489,000

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:43681)

房源概要

MLS® Number 40872439
房源类型 Other
附近的便利设施 公共交通, 学校
社区特征 High Traffic Area

详 情

地下室类型 Full
储存空间 2
Size Exterior 5544.0000
内部尺寸 5544 Sqft
类型 Residential Commercial Mix
设备间 市政供水

土地

英亩数 无
土地便利设施 公共交通, 学校
污水道 城市污水处理系统
土地宽度 49 Ft
规划描述 Toc1

https://www.realtor.ca/real-estate/30430835/571-575-king-street-e-hamilton