ON > Hamilton
Hamilton, ON L8N 1C7,477 King ST E
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Hamilton, ON L8N 1C7,477 King ST E
Hamilton, ON L8N 1C7,477 King ST E
Hamilton, ON L8N 1C7,477 King ST E
Hamilton, ON L8N 1C7,477 King ST E
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 4,750,000
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477 King ST E Hamilton, ON L8N 1C7

17,491 SqFt

UPDATED:

10/23/2024 01:33 PM

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 17,491 sqft

Price per Sqft $271

MLS Listing ID X9506768

Annual Tax Amount $60,972

Tax Year 2024

Property Description

Attractive 6% Cap Rate on existing income with potential near 8.5% CAP once other half of commercial is leased! 16 residential modernized suites (15 2BR plus 1 3BR), plus 8 retail spaces on main level. A+ location in Downtown Hamilton, approximately 1KM from Hamilton GO station. Property has been well renovated with newer roof (2014), newer windows (2019), and 15 residential suites renovated. Low operational costs with tenants paying for their own hydro. Immediate strong return with readily available, significant upside! Full details available.

Location

Province ON

County Hamilton

Zoning TOC1

Interior

Cooling Partial

Exterior

Utilities Available Yes

Listed by STONEBANK REAL ESTATE LTD.
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