249-255 KING Street E, Hamilton, Ontario, L8N1B9
MLS: 40818294 | Other
$2,250,000
Property Description
Turnkey mixed-use investment opportunity in the heart of downtown Hamilton. Situated on a prominent corner at King St E and Ferguson Ave N, this fully tenanted asset offers a blend of stable residential income and high-exposure commercial frontage. The property features two ground-floor commercial units and six residential apartments (1- and 2-bedroom units). Fully leased at market rents with a favourable tenant structure, providing consistent cash flow from a diversified income base. Located in a high-traffic, rapidly evolving corridor with excellent walkability and transit access, this is an ideal opportunity for investors seeking a stable, long-term asset in a prime urban location. (id:64974)
Quick Facts
- Property Type: Other
- Bedrooms: None
- Bathrooms: None
- Living Area: 8,852 sq ft (822.4 m²)
- Ownership: Freehold
- Lot Size: 0.1300 acres (0.05 ha)
- Frontage: 60 ft (18.3 m)
Costs
- Annual Taxes: $23,356.95
Listing Provided by: City Brokerage
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Basement: None
Exterior & Construction
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Lot Size: 0.1300 acres (0.05 ha)
- Frontage: 60 ft (18.3 m)
- Features: Southern exposure
- Zoning: D2
Community & Neighbourhood
- Community: High Traffic Area
- Subdivision: 140 - Beasley
Listing Information
Listing History
MLS listing activity for 249-255 KING Street E, Hamilton, Ontario, L8N1B9 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes ?Nearby Homes — Search CriteriaSearch Radius1 kmPrice Range±30%Match BedroomsNoMatch BathroomsNo
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
No active comparables found in this area.
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Other$6,000/mo
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Other$3,200/mo
Listing Courtesy of City Brokerage
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Other$3,120/mo
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Other$2,800/mo
$2,314/yr taxListing Courtesy of eXp Realty, Brokerage
135 JAMES Street N Unit# 3, Hamilton
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Other$1,950/mo
Listing Courtesy of Right at Home Realty
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Listing Courtesy of RE/MAX Escarpment Frank Realty
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Other$1,650/mo
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135 JAMES Street N Unit# 1, Hamilton
Other$1,600/mo
Listing Courtesy of RE/MAX Escarpment Frank Realty
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Listing Courtesy of Waterside Real Estate Group
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No leased comparables found. Rented data requires TRREB DDF integration; the map and search will populate automatically once enabled.
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249-255 KING Street E, Hamilton, Ontario, L8N1B9