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    For Sale - 413 - 415 King Street, Hamilton, Ontario

    Est payment $7,203/mo
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    Views   3
    Time on Jump  63 day

    AI Summary *

    • Well-maintained 18-unit property with strong annual gross income potential.
    • Updated with modern systems and features for easy management.
    • Located near major transit routes and downtown amenities.
    • Proximity to educational institutions ensures a stable tenant pool.
    • Area benefiting from ongoing public and private investments.




    An exceptional opportunity to acquire a well-maintained 18-unit income-producing property in one of hamilton's rapidly evolving downtown corridors. The building comprises 14 shared accommodation units and 4 bachelor suites, generating over $148,000 in annual gross income with additional upside through future rent growth and operational optimization. Professionally managed and extensively updated, the property features numerous capital improvements, including updated electrical, plumbing, windows, water services, high-efficiency furnaces, upgraded fire safety systems, secure coded entry, high-speed fibre internet, and low-maintenance exterior finishes. Established maintenance and service relationships provide a smooth transition for new ownership. Ideally located on major hsr and go transit routes, the property is minutes from hess village, locke street, jackson square, hospitals, parks, restaurants, retail amenities, and hamilton's downtown core. Its central location supports strong, consistent demand from students, healthcare professionals, and working residents. The surrounding area continues to benefit from significant public and private investment, including new residential developments, hotels, educational facilities, commercial projects, and ongoing downtown revitalization initiatives. The property's proximity to the proposed lrt corridor further strengthens its long-term growth potential. Nearby institutions include mcmaster university, mohawk college, columbia international college, brock university's downtown campus, and several healthcare and continuing education facilities, providing access to a deep and stable tenant pool. Offering immediate cash flow, value-add potential, and long-term appreciation prospects, this is a compelling opportunity for investors seeking a strategic asset in a high-growth urban market. Vendor take-back (vtb) or private financing may be available for qualified purchasers.
    Listing IDX13450158
    Address413 - 415 King Street
    CityHamilton, Ontario
    Price$1,499,999
    StyleInvestment
    Land Size6490.63
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air Closed

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    Listing Agency:  EXP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    413 - 415 King Street
    Hamilton , Ontario
    $1,499,999
    Get more info