571-575 King Street E Hamilton, Ontario L8L 5N3
$1,489,000
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. (id:50964)
Property Details
| MLS® Number | 40872439 |
| Property Type | Other |
| Amenities Near By | Public Transit, Schools |
| Community Features | High Traffic Area |
Building
| Basement Type | Full |
| Stories Total | 2 |
| Size Exterior | 5544.0000 |
| Size Interior | 5,544 Ft2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Frontage | 49 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Toc1 |
https://www.realtor.ca/real-estate/30430835/571-575-king-street-e-hamilton
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