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    For Sale - 571-575 KING Street, Hamilton, Ontario

    Est payment $7,150/mo
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    Views   1
    Time on Jump  19 day

    AI Summary *

    • Well-maintained mixed-use building with extensive renovations completed in 2019-2020.
    • Includes three residential apartments and three retail storefronts for diverse income.
    • Full basement offers additional storage space for both commercial and residential units.
    • Strategic location on the planned Hamilton LRT route for future transit benefits.
    • Attractive 6.2% cap rate, reflecting significant past capital investment and growth potential.




    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.
    Listing IDX14104950
    Address571-575 KING Street
    CityHamilton, Ontario
    Price$1,489,000
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailCommunity Features Public TransitBasement 1Heating / Cooling Gas Forced Air ClosedSewer Sanitary+Storm

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    Listing Brokerage: Corcoran Horizon Realty

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    571-575 King Street
    Hamilton , Ontario
    $1,489,000
    Get more info