216-218 King Street E,Hamilton, ON L8N 1B5
Hamilton, ON L8N 1B5
Description
Excellent mixed-use investment opportunity in the heart of downtown Hamilton. This income-producing property features 2 fully leased ground-floor retail units generating a combined $4,300/month, plus 2 vacant 1-bed, 1-bath loft-style residential units, each with a private balcony overlooking vibrant King St. E, ready to be leased at today's market rents. An additional third residential unit offers excellent value-add potential and awaits restoration, providing an opportunity to further increase income through renovation. All 4 existing units are separately metered, allowing for efficient utility management. The property also offers rear parking and is ideally located close to public transit, shopping, restaurants, and the ongoing growth and revitalization of Hamilton's downtown core. A rare opportunity to acquire a well-located mixed-use asset with immediate commercial income, vacant residential units ready for lease-up, and future upside through renovation and increased rental potential.
Details
| MLS # | 40844755 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 119 |
| Listing Provided By | RE/MAX Escarpment Golfi Realty Inc. | Rob Golfi |
Features
| SQ Feet | 3,000 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | D2 |
| Acreage | 0.09 |
Interior
| Cooling Yes / No | No |
|---|
Exterior
| Lot Features | City Lot, High Traffic Area, Public Transit, Other |
|---|---|
| Security Features | Other |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| Sewer | Sewer (Municipal) |
Taxes
| Tax Annual Amount | 22840 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8N 1B5 |
| Area | 14 Hamilton Centre |
| Subarea | 140 Beasley |
| Community Name | 140 Beasley |
| Listing VS Median (in 140 Beasley) | |
Price: $1,800,000 low | high Med: $2,850 sqft: 3,000 low | high Med: 1,563 $ / sqft: $600 low | high Med: $2 On site: 119 low | high Med: 132 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8N 1B5 |
| Area | 14 Hamilton Centre |
| Subarea | 140 Beasley |
| Community Name | 140 Beasley |
| Listing VS Median (in 140 Beasley) | |
Price: $1,800,000 low | high Med: $2,850 sqft: 3,000 low | high Med: 1,563 $ / sqft: $600 low | high Med: $2 On site: 119 low | high Med: 132 | |
 | $1,800,000216-218 King Street EHamilton, ON L8N 1B5 |
 | $1,350,000181 Main Street EHamilton, ON L8N 1H2 |
 | $1,350,000181 Main Street EHamilton, ON L8N 1H2 |
