$ 4,750,000
477 King ST E Hamilton, ON L8N 1C7
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$ 4,750,000
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Active
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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