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$ 879,000
Est. payment /mo
Active
1548 KING STREET E Hamilton (delta), ON L8K1S9
3 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Delta
MLS® Listing ID X12789996
Bedrooms 3
Half Baths 1
Property Description
Exceptional investment opportunity with this fully leased live/work property in a prime high-traffic area of east-end Hamilton. This freestanding high-visibility corner building features approximately 1,400 sq. ft. of commercial space on the main floor with 11ft high ceilings and an additional 1,400 sq. ft. second-floor residential apartment and a basement. Zoned C2, the property supports a wide range of commercial uses including office/retail/business uses. The main-floor retail tenant pays $2,700/month with 2 years remaining on a 5-year lease, while the upper-level 3-bedroom, 1-bath apartment has been leased for 3 years at $2,175.25/month. The basement and second garage are currently being used by the Owner and not part of the leased units. Total monthly income of $4,775 generates $57,300 annually, with Upper Level tenant willing to stay. Attached garage with storeage/loading dock access loading zone.Excellent exposure, public transit at the doorstep, ample street parking, and quick access to the Red Hill Valley Parkway and QEW make this a strong, turnkey income-producing asset. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Story 2
Others
Virtual Tour https://propertysupnext.hd.pics/1548-King-St-E
Listed by RE/MAX REAL ESTATE CENTRE INC.
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