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72 KING STREET E Hamilton, ON L9H1C2
7,456 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 7456
Square Footage 7,456 sqft
Price per Sqft $308
Subdivision Dundas
MLS® Listing ID X14095336
Lot Size 7456.000 Acres
Acres 7456.0
Property Description
Opportunity knocks in the heart of Dundas with this fully occupied, two-storey mixed-use building at the southeast corner of King Street East and Cootes Drive. Offering 7,456 sq ft across six units on a 0.20-acre corner lot with 146 feet of frontage, this well-maintained property delivers a diversified income stream from both commercial and residential tenants, plus 6 on-site parking spaces, a true rarity on this stretch of King Street.The main floor features two commercial spaces totalling 3,757 sq ft: an established quick serve restaurant occupying 1,874 sq ft, purpose-built for restaurant use, and a separate freestanding retail store occupying 1,883 sq ft. Upstairs, four residential units totalling 3,699 sq ft include two 1-bedroom lofts, a 2-bedroom unit and a studio, each with its own washroom.The numbers speak for themselves. The property generates a top line income of $12,768 per month, or $153,216 per year. Even better, the upside is built in. All existing tenancies are month to month, giving a new owner the flexibility to reposition rents toward market levels.The building has been thoughtfully cared for, with LED and pot lighting and renovations completed in 2020. C5 zoning, steady foot traffic from the surrounding residential neighbourhood, transit at the door and easy access to Highway 403 round out a compelling package.Whether you are an investor seeking stable cash flow with growth potential or an owner-operator looking to run your business while your tenants help pay the mortgage, 72 King Street East is an opportunity worth a closer look. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by KELLER WILLIAMS EDGE REALTY
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