320 KING Street E, Hamilton, Ontario, L8N1C2

Property Description

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:64974)

Quick Facts

• Property Type: Other
• Bedrooms: None
• Bathrooms: None
• Living Area: 1,945 sq ft (180.7 m²)
• Ownership: Freehold
• Lot Size: 0.0880 acres (0.04 ha)
• Frontage: 20 ft (6.1 m)

Costs

• Annual Taxes: $6,895.68

Listing Provided by: Keller Williams Complete Realty
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.