1,945 ft2
$1,199,999
320 King Street East presents a rare opportunity to acquire a fully stabilized, 5-unit mixed-use asset in the heart of Hamilton’s historic International Village. Generating a highly efficient actual Net Operating Income of $62,459.46 with zero vacancy, the 2,901-square-foot property features a main-floor retail space, three standard apartments, and a premium 650-square-foot renovated coach house ideal for owner-occupiers or yield-focused investors. While currently performing as a turn-key cash generator, the asset offers tangible value-add potential through a significant loss-to-lease opportunity on one drastically under-market residential unit. Furthermore, with a Walker's Paradise Walk Score of 98 and Transit Oriented Corridor (TOC1) zoning, this property is strategically positioned for massive long-term capital appreciation directly along the route of Hamilton's upcoming $3.4 billion Light Rail Transit (LRT) project. (id:50787)
Property Details
|
MLS® Number
|
40807775 |
|
Property Type
|
Other |
|
Amenities Near By
|
Public Transit |
|
Community Features
|
High Traffic Area |
|
Equipment Type
|
Water Heater |
|
Features
|
Visual Exposure |
|
Rental Equipment Type
|
Water Heater |
|
Sign Type
|
Signband |
Building
|
Basement Type
|
Full |
|
Exterior Finish
|
Brick |
|
Foundation Type
|
Stone |
|
Stories Total
|
2 |
|
Size Exterior
|
1945.0000 |
|
Size Interior
|
1,945 Ft2 |
|
Utility Water
|
Municipal Water |
Land
|
Access Type
|
Road Access |
|
Acreage
|
No |
|
Land Amenities
|
Public Transit |
|
Sewer
|
Municipal Sewage System |
|
Size Depth
|
125 Ft |
|
Size Frontage
|
20 Ft |
|
Size Irregular
|
0.088 |
|
Size Total
|
0.088 Ac|under 1/2 Acre |
|
Size Total Text
|
0.088 Ac|under 1/2 Acre |
|
Zoning Description
|
D2 |
https://www.realtor.ca/real-estate/29439912/320-king-street-e-hamilton