216-218 King Street E, Hamilton, Ontario L8N 1B5

Listed for:
$1,900,000
0 beds
0 baths
Listed 45 days ago
Residential Commercial Mix for rent: 216-218 King Street E, Hamilton, Ontario L8N 1B5

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About

Between Walnut Street S & Ferguson Avenue S on King Street E. Excellent mixed-use investment opportunity in the heart of downtown Hamilton. This income-producing property features 2 fully leased ground-floor retail units generating a combined $4,300/month, plus 2 vacant 1-bed, 1-bath loft-style residential units, each with a private balcony overlooking vibrant King St. E, ready to be leased at today's market rents. An additional third residential unit offers excellent value-add potential and awaits restoration, providing an opportunity to further increase income through renovation. All 4 existing units are separately metered, allowing for efficient utility management. The property also offers rear parking and is ideally located close to public transit, shopping, restaurants, and the ongoing growth and revitalization of Hamilton's downtown core. A rare opportunity to acquire a well-located mixed-use asset with immediate commercial income, vacant residential units ready for lease-up, and future upside through renovation and increased rental potential. (id:27476)

Property Highlights

MLS® Number
40844755
Type
Other
Ownership Type
Freehold
Land Size
under 1/2 acre

Building

Building Type
Residential Commercial Mix
Storeys
2.00
Square Footage
3000 sqft
Amenities
Public Transit
Fireplace Present
No
Basement Type
Partial
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location

Learn more about this property
Listing provided by:
RE/MAX Escarpment Golfi Realty Inc.
MLS® number:
40844755
Agent:
Rob Golfi
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Street Spotlight - For sale