MNSKEY 647-325-5000

216-218 KING Street E

Beasley, Hamilton, L8N1B5

Listed by RE/MAX Escarpment Golfi Realty Inc.

$1,800,000

Photo 1 of 24Photo 2 of 24Photo 3 of 24Photo 4 of 24Photo 5 of 24Photo 6 of 24Photo 7 of 24Photo 8 of 24Photo 9 of 24Photo 10 of 24Photo 11 of 24Photo 12 of 24Photo 13 of 24Photo 14 of 24Photo 15 of 24Photo 16 of 24Photo 17 of 24Photo 18 of 24Photo 19 of 24Photo 20 of 24Photo 21 of 24Photo 22 of 24Photo 23 of 24Photo 24 of 24
  • 3000 sq ft

Listed 111 days ago · MLS® 40844755

About this home

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:66966)

Details

Type
Other
Size
3000 sq ft
Basement
Partial
Property tax
$22,840
Neighbourhood
Beasley
Municipality
Hamilton

Interior

Fireplace
No

Heating, cooling and services

Water and sewer
Municipal sewage system
Utilities
Natural Gas, Electricity

Building and exterior

Building area
3,000 square feet

Location

Location is approximate. See nearby homes on the map

Listed by RE/MAX Escarpment Golfi Realty Inc..

Powered by: REALTOR.ca

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

Similar homes nearby

See more in Hamilton