1048 King Street West, Hamilton | Image 1

1048 King Street West

Hamilton, Westdale

  • Commercial

$4,950,000
For Sale

Added 1 week ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: C5a

  • Age: 51-99 years

  • Taxes: 43505.67

  • MLS®#: X8247916

  • Days on Site: 9 Days

  • Added: Apr 18, 2024 (1 week ago)

  • Updated:

  • Last Checked: 4 hours ago

  • Listed By: RE/MAX ESCARPMENT REALTY INC.

LOCATION, LOCATION, LOCATION. This Impressive and Stunning 12 Unit, Mixed Use Investment Building is situated in the Heart of Hamilton's sought after Westdale Community. FEATURES; 4 Retail/Office units on the main floor separated by a center hallway, 4 Luxurious and fully furnished apartments on second floor, plus a fully finished basement with 4 more retail/ office units. All the units are fully rented providing a Gross Income of 397K annually supporting a Capitalization rate of 6.5%. This is an Absolute Must See. R.S.A

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 51-99

  • Area: Hamilton

  • Community: Westdale

  • Availability Date: Immediate

  • Assessment Amount: $1,334,000

  • Assessment Year: 2024

Inside

  • Bathrooms: 11

  • Air Conditioning: Y

  • Washrooms: 11

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Green Verification Status: N

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: Y

  • Volts: 600

  • Amps: 400

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 4

Fees

  • Tax Year: 2023

  • Tax Legal Description: LOT 503 PLAN 649; PT LOT 504 PLAN 649, AS IN VM222628 ; HAMILTON

  • Taxes: $43,506

  • Taxes Type: Annual

Land

  • Cross Street: Newton & Paisley

  • Municipality District: Hamilton

  • Parcel Number: 174630280

  • Sewer: San+Storm

  • Lot Depth: 100 Feet

  • Lot Frontage: 60 Feet

  • Zoning: C5a

Shipping Doors

  • Clearing Height (ft): 9

Commercial Specific

  • Rail: N

  • Retail Area: 8500

  • Retail Area Metric: Sq Ft

  • Total Area: 12900

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Crane: N

  • Lot Code: Lot

  • Survey: N

  • Building Percent: 100

  • Soil Test: N

Map of 1048 King Street West, Hamilton
7-8

École élémentaire Georges-P-Vanier

Elementary: Public
1.11 km
JK-8

Canadian Martyrs Catholic Elementary School

Elementary: Catholic
1.22 km
6-8

Dalewood Senior Public School

Elementary: Public
0.62 km
JK-8

St. Joseph Catholic Elementary School

Elementary: Catholic
1.89 km
JK-5

Earl Kitchener Junior Public School

Elementary: Public
1.54 km
JK-5

Cootes Paradise Public School

Elementary: Public
0.42 km
9-12

École secondaire Georges-P-Vanier

Secondary: Public
1.11 km
Pre-Grade 9-12

Sir John A Macdonald Secondary School

Secondary: Public
2.74 km
9-12

St. Mary Catholic Secondary School

Secondary: Catholic
1.90 km
Pre-Grade 9-12

Sir Allan MacNab Secondary School

Secondary: Public
3.58 km
Pre-Grade 9-12

Westdale Secondary School

Secondary: Public
0.53 km
Pre-Grade 9-12

Westmount Secondary School

Secondary: Public
3.95 km
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