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$2,299,000
Available - For Sale
Listing ID: X12007593
835 King Street East , Hamilton, L8M 1B1, Hamilton
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. Current NOI of approximately $130k.
Price $2,299,000
Taxes: $18,600
Tax Type: Annual
Occupancy by: Tenant
Address: 835 King Street East , Hamilton, L8M 1B1, Hamilton
Postal Code: L8M 1B1
Province/State: Hamilton
Legal Description: LTS 22, 23 & 24, PL 473 ; PT LT 72, PL 3
Lot Size: 72 x 80 (Feet)
Directions/Cross Streets: Holton Ave. N./King St. E.
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Store With Apt/Office
Building Percentage: T
Total Area: 11,696
Total Area Code:  Square Feet
Office/Appartment Area: 0
Office/Appartment Area Code: Sq Ft
Retail Area: 4406
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Financial Statement: F
Chattels: F
Franchise: F
Maintenance: 0
Sprinklers: Part
Heat Type: Gas Hot Water
Central Air Conditioning: Partial
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Down payment: $  
Interest Rate: %  
Amortization :  Years
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
IPRO REALTY LTD.

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