1548 KING STREET E, Hamilton (Delta), Ontario, L8K1S9

Property Description

Exceptional investment opportunity with this fully leased live/work property in a prime high-traffic area of east-end Hamilton. This freestanding high-visibility corner building features approximately 1,400 sq. ft. of commercial space on the main floor with 11ft high ceilings and an additional 1,400 sq. ft. second-floor residential apartment and a basement. Zoned C2, the property supports a wide range of commercial uses including office/retail/business uses. The main-floor retail tenant pays $2,700/month with 2 years remaining on a 5-year lease, while the upper-level 3-bedroom, 1-bath apartment has been leased for 3 years at $2,075/month. The basement is currently being used by the Owner and not part of the leased units. Total monthly income of $4,775 generates $57,300 annually, with Upper Level tenant willing to stay. Attached garage with storeage/loading dock access loading zone.Excellent exposure, public transit at the doorstep, ample street parking, and quick access to the Red Hill Valley Parkway and QEW make this a strong, turnkey income-producing asset. (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: 2
• Living Area: 2,740 sq ft (254.6 m²)
• Frontage: 40 ft (12.2 m)

Costs

• Annual Taxes: $11,075.40

Listing Provided by: RE/MAX REAL ESTATE CENTRE INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.