477 King Street East, Hamilton | Image 1

477 King Street East

Hamilton, Landsdale

  • Commercial

$X,XXX,XXX
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: TOC1

  • Age: No Data

  • Taxes: 60972

  • MLS®#: X9506768

  • Added: Oct 23, 2024 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: STONEBANK REAL ESTATE LTD.

Attractive 6% Cap Rate on existing income with potential near 8.5% CAP once other half of commercial is leased! 16 residential modernized suites (15 2BR plus 1 3BR), plus 8 retail spaces on main level. A+ location in Downtown Hamilton, approximately 1KM from Hamilton GO station. Property has been well renovated with newer roof (2014), newer windows (2019), and 15 residential suites renovated. Low operational costs with tenants paying for their own hydro. Immediate strong return with readily available, significant upside! Full details available.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Hamilton

  • Community: Landsdale

  • Availability Date: Flexible

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Yes

Building

  • Heat Type: Gas Hot Water

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 25

Fees

  • Tax Year: 2024

  • Taxes: $60,972

  • Taxes Type: Annual

Land

  • Cross Street: King / Emerald

  • Municipality District: Hamilton

  • Parcel Number: 171790170

  • Lot Depth: 143 Feet

  • Lot Frontage: 130 Feet

  • Zoning: TOC1

Additional Media

  • Virtual Tour: https://www.stonebank.ca/property/hamilton-8/

Commercial Specific

  • Total Area: 17491

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

Map of 477 King Street East, Hamilton
JK-8

St. Patrick Catholic Elementary School

Elementary: Catholic
0.12 km
JK-8

St. Brigid Catholic Elementary School

Elementary: Catholic
0.61 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
0.71 km
JK-8

Queen Victoria Elementary Public School

Elementary: Public
1.05 km
JK-8

Cathy Wever Elementary Public School

Elementary: Public
0.81 km
9-12

King William Alter Ed Secondary School

Secondary: Public
0.55 km
9-12

Turning Point School

Secondary: Public
1.29 km
9-12

Vincent Massey/James Street

Secondary: Public
3.24 km
9-12

St. Charles Catholic Adult Secondary School

Secondary: Catholic
2.26 km
Pre-Grade 9-12

Sir John A Macdonald Secondary School

Secondary: Public
1.74 km
9-12

Cathedral High School

Secondary: Catholic
0.20 km
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