Exceptional Investment Opportunity! This property consists of 6 recently renovated residential units and 4 commercial units. The residential units were completely gutted and rebuilt in 2019 with no expense spared, featuring new windows, doors, flooring, countertops, appliances, bathrooms, kitchens and independent HVAC systems for each unit. The property consists of a three-story building with an approximate total area of 11,696 square feet. The commercial portion of the building comprises approximately 4,406 square feet of leasable space, spread across four street-front commercial units, each including basement space. The residential portion of the building accounts for around 7,290 square feet of gross area. With the upcoming construction of the new LRT route running directly along King St. E. and on-site parking, this location is set for even greater potential. All tenants cover their own hydro and gas expenses. A highly profitable investment, with dropping interest rates this is your chance to acquire 10 doors in one go and start cash flowing.
Address
835 King Street E
List Price
$2,299,000
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Area
Hamilton
Sub-Area
Gibson
County
Hamilton
Bedrooms
17
Bathrooms
10
Floor Area
5000 + Sq. Ft.
Lot Depth
80
Lot Features
Irregular Lot
Lot Irregularities
Irregular
Lot Size Units
Feet
Lot Width
72
MLS® Number
X12116380
Listing Brokerage
IPRO REALTY LTD.
Basement Area
Unfinished
Postal Code
L8M 1B1
Parking Places (Total)
5
Tax Amount
$18,600.00
Tax Year
2024
Interior Features
Other
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Other
Construction Materials
Brick
Direction Faces
North
Foundation Details
Unknown
Garage Type
None
Kitchens Total
7
Pool Features
None
Roof
Unknown
Sewer
Sewer