463-477 King Street East, Hamilton | Image 1

463-477 King Street East

Hamilton, Landsdale

  • Commercial

$5,300,000
For Sale

Added 2 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: TOC1

  • Age: No Data

  • Taxes: 30339

  • MLS®#: X8212402

  • Added: Apr 08, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 46 minutes ago

  • Listed By: COLLIERS MACAULAY NICOLLS INC.

A 24-unit mixed-use (retail/apartment) building located in Hamilton, Ontario. The Property comprises 15, 2-bedroom and 1, 3-bedroom apartment suites and 8 ground floor retail units spanning 950 to 1,100 SF in size. In addition to leasing 85.5% of the residential units at market rates, the Vendor has undergone extensive renovations to the property since 2019, including updates to the picturesque facade, replacing residential windows, commercial doors, and glass windows. Total retail area of 9,270 SF. The Property generates $410,951 in annual net operating income.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Retail

  • Area: Hamilton

  • Community: Landsdale

  • Availability Date: 30 Days

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Hot Water

  • Elevator: None

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2023

  • Tax Legal Description: LTS 2, 3 & 4, PL 99 ; S/T INTEREST(S) IN VM15237 IF ANY ; HAMILT

  • Taxes: $30,339

  • Taxes Type: Annual

Land

  • Cross Street: Emerald And King St

  • Municipality District: Hamilton

  • Parcel Number: 171790170

  • Sewer: San+Storm

  • Lot Depth: 125 Feet

  • Lot Frontage: 142.83 Feet

  • Zoning: TOC1

Commercial Specific

  • Retail Area: 33

  • Retail Area Metric: %

  • Total Area: 20180

  • Total Area Metric: Sq Ft

  • Office Size: 67

  • Office Size Metric: %

  • Lot Code: Building

Map of 463-477 King Street East, Hamilton
JK-8

St. Patrick Catholic Elementary School

Elementary: Catholic
0.09 km
JK-8

St. Brigid Catholic Elementary School

Elementary: Catholic
0.63 km
JK-8

George L Armstrong Public School

Elementary: Public
1.30 km
JK-8

Dr. J. Edgar Davey (New) Elementary Public School

Elementary: Public
0.68 km
JK-8

Queen Victoria Elementary Public School

Elementary: Public
1.02 km
JK-8

Cathy Wever Elementary Public School

Elementary: Public
0.83 km
9-12

King William Alter Ed Secondary School

Secondary: Public
0.51 km
9-12

Turning Point School

Secondary: Public
1.25 km
9-12

Vincent Massey/James Street

Secondary: Public
3.26 km
9-12

St. Charles Catholic Adult Secondary School

Secondary: Catholic
2.24 km
Pre-Grade 9-12

Sir John A Macdonald Secondary School

Secondary: Public
1.71 km
9-12

Cathedral High School

Secondary: Catholic
0.21 km
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