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1256 King Street E Hamilton, Ontario L8M 1G8

3 Bedroom 3 Bathroom 3593 sqft

Central Air Conditioning Forced Air, Other

$1,250,000

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). (id:58671)

Property Details

MLS® Number	40694402
Property Type	Multi-family
AmenitiesNearBy	Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
CommunityFeatures	High Traffic Area, Community Centre
EquipmentType	Water Heater
ParkingSpaceTotal	6
RentalEquipmentType	Water Heater

Building

BathroomTotal	3
BedroomsTotal	3
BasementDevelopment	Unfinished
BasementType	Full (unfinished)
CoolingType	Central Air Conditioning
ExteriorFinish	Brick
HeatingFuel	Natural Gas
HeatingType	Forced Air, Other
StoriesTotal	2
SizeInterior	3593 Sqft
Type	Triplex
UtilityWater	Municipal Water

Parking

Visitor Parking

Land

AccessType	Road Access, Highway Access
Acreage	No
LandAmenities	Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer	Municipal Sewage System
SizeDepth	118 Ft
SizeFrontage	62 Ft
SizeTotalText	Under 1/2 Acre
ZoningDescription	Toc1

Schools

5 public & 4 Catholic schools serve this home. Of these, 8 have catchments. There are 2 private schools nearby.

Parks & Rec

12 tennis courts, 4 playgrounds and 8 other facilities are within a 20 min walk of this home.

Transit

Street transit stop less than a 1 min walk away. Rail transit stop less than 4 km away.

Aerial

https://www.realtor.ca/real-estate/27855403/1256-king-street-e-hamilton

Interested?

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Last Updated
February 03 2025 06:56:54

Data Provider
REALTORS® Association of Hamilton-Burlington

Listing Office
Keller Williams Complete Realty

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