1548 King Street E, Hamilton, ON L8K 1S9

Hamilton L8K 1S9 Ontario

MLS: X12787452

$879,000

Added 7 days ago | For Sale

Listed by: RE/MAX REAL ESTATE CENTRE INC.

About Property

Exceptional investment opportunity with this fully leased live/work property in a prime high-traffic area of east-end Hamilton. This freestanding high-visibility corner building features approximately 1,400 sq. ft. of commercial space on the main floor with 11ft high ceilings and an additional 1,400 sq. ft. second-floor residential apartment and a basement. Zoned C2, the property supports a wide range of commercial uses including office/retail/business uses. The main-floor retail tenant pays $2,700/month with 2 years remaining on a 5-year lease, while the upper-level 3-bedroom, 1-bath apartment has been leased for 3 years at $2,075/month. The basement is currently being used by the Owner and not part of the leased units. Total monthly income of $4,775 generates $57,300 annually, with Upper Level tenant willing to stay. Attached garage with storeage/loading dock access loading zone.Excellent exposure, public transit at the doorstep, ample street parking, and quick access to the Red Hill Valley Parkway and QEW make this a strong, turnkey income-producing asset.

Features

  • House Style:Commercial Retail
  • Bathrooms:2
  • Land Size: 40 X 99
  • Water:Municipal
  • Garage Spaces: /Double Detached
  • Driveway:
  • Heating Fuel:
  • Cross Street:King St E / Ottawa St E
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $11075.4
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12787452

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