$799,900
( $363.59Per Sq Foot )
 $4,294 est/mo Sourced by Back At You

979 King Street E , Hamilton, ON L8M 1C3

Hamilton, ON L8M 1C3

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Description

Investors, don’t miss this turn-key, fully leased mixed-use building generating a solid income with a gross yearly income of $54,000 and approximately $43,000 in net income. Tenants cover all utilities, making this a low-maintenance investment, with the seller only responsible for property taxes, insurance and water heater. The property features a leased storefront on the ground floor, along with a spacious, updated 3-bedroom residential unit upstairs. Over the past 10 years, the building has seen improvements, including a new roof, windows, furnace, and a complete renovation of the upstairs unit. Additionally, there’s parking for five + vehicles, with spots located at both the rear and side of the building, plus a full basement offering extra storage or potential future use. This is an excellent opportunity for investors looking for a property with minimal upkeep and strong rental income. Buyers and agents are advised to verify zoning and room sizes independently. For further details or to schedule a viewing, please contact the listing agent.

Details

MLS#40666604
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site18
Listing Provided ByRE/MAX Escarpment Realty Inc. | Tino Goritsas

Features

SQ Feet2,200
BasementY
Story(s)2
ZoningTOC3
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 2 minutes ago
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8M 1C3
Area20 Hamilton Centre
Subarea200 Gibson | Stipley
Community Name200 Gibson/Stipley
Listing VS Median (in 200 Gibson/Stipley)
Price:
$799,900
low | high
Med:
$569,900
78.753594199275% of Average
SqFt:
2,200
low | high
Med:
1,271
92.25% of Average
$ / SqFt:
$364
low | high
Med:
$449
26.57593873899% of Average
On Site:
18
low | high
Med:
24.500000
73.469387755102% of Average
Sourced by Back At You
Listing Updated: October 30, 2024 at 11:31:11 AM PDT