Property Details

463-477 KING ST E, Hamilton, Ontario, L8N1C7

463-477 KING ST E, Hamilton, Ontario, L8N1C7 (ID X5754820)
Representative
Joanne and John Lake portrait
Joanne and John Lake
Broker and Sales Representative
Real Estate Homeward - Gravenhurst
Cell: 416-797-6804
Tel: 705-710-1131

$5,999,000 - For sale

ID#:X5754820

This Investment Giant Offers Tremendous Cashflow Value With Strong Future Upside. With Over 142' Of Frontage On The Lrt Route And A Large 26-Car Parking Lot Behind It, This Property Occupies The Majority Of Its Block. The 8 Retail Units, 16 Residential Units, Coin Laundry, And Parking Rentals Offer Strong Multi-Stream Cashflow. Extensively Renovated, This Property Benefits From Major Facade Updates Including All-New Retail Glass, Newer Windows, Roof, And High-Efficiency Boilers. Additional Updates Are Currently Underway In Several Of The Retail Units. Current Proforma Noi Exceeds $322,000/Year Accounting For Professional Management And Standard Vacancy/R&M Budgets. Clean Phase I In 2019. This Beautiful Property Is In Excellent Condition And Will Continue To Climb In Value As Rents Rise And The Neighbourhood Continues To Redevelop As Lrt Is Implemented. Don't Miss This Spectacular Investment For Both Short-Term And Long-Term Benefit. (id:2471)

Property Details
  • Property Address:463-477 KING ST E, Hamilton, Ontario, L8N1C7
  • Property Type:Multi-family
  • Community Name:Landsdale
  • Lot Size:143 x 125 FT
  • Acreage:143 x 125 FT
  • Water Type:Municipal water
  • Parking Space Total:26
Structure Details for 463-477 KING ST E, Hamilton, Ontario, L8N1C7
  • Structure Style:Multi-Family
  • Floor Space:17800 sqft
  • Cooling Type:Partially air conditioned
Amenities for 463-477 KING ST E, Hamilton, Ontario, L8N1C7
  • Amenities Nearby:Public Transit
Representative
Joanne and John Lake portrait
Joanne and John Lake
Broker and Sales Representative
Real Estate Homeward - Gravenhurst
Cell: 416-797-6804
Tel: 705-710-1131
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463-477 KING ST E, Hamilton, Ontario, L8N1C7

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