463-477 KING Street E , Hamilton

Bed / $5,899,000 / MLS® Listing #:40423412

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This investment giant offers tremendous cashflow value with strong future upside. With over 142' of frontage on the LRT route and a large 26-car parking lot behind it, this property occupies the majority of its block. The 8 retail units, 16 residential units, coin laundry, and parking rentals offer strong multi-stream cashflow. Extensively renovated, this property benefits from major facade updates including all-new retail glass, newer windows, roof, and high-efficiency boilers. Additional updates are currently underway in several of the retail units. Clean Phase I in 2019. Strong NOI that continues climbing as commercial units lease up! This beautiful property is in excellent condition and will continue to climb in value as rents rise and the neighbourhood continues to redevelop as LRT is implemented. Don't miss this spectacular investment for both short-term and long-term benefit. (id:10452)

Property Details

Property Type Other
Square Feet
Maintenance N/A
Days On Our Website 11
Basement Unfinished - Full (Unfinished)
Lot Dimensions
Pool N/A
Area Hamilton
Air Conditioning Ductless
Heating - Radiant heat, Hot water radiator heat
Exterior Brick, Metal, Vinyl siding
Parking Spaces 26
Parking Type Detached Garage,Detached Garage
Sewers Sanitary sewer, Storm sewer
Water Municipal water

Listing Office: Sotheby's International Realty Canada, Brokerage

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