231 King St E
Hamilton, L8N1B6
UNAVAILABLE
➧
➧
Apartment
CATEGORY10,800 Sq Ft
TOTAL AREAX5623036
MLSIDContact Us
Property Description
Huge Cashflow Investment Property! Renovated To The Brick W/Permits, This Building Is Turn-Key. Has 10 Apts On A Head Lease, Ensuring Strong Cashflow With Minimal Management. Three Retail Storefronts And Fully-Leasable Basement Complete The Package. All Separately Metered. Offered At An Actual 4.7% Cap Rate With Room To Improve. On The Future Lrt Route, Surrounded By Major Condo Developments. A Remarkable Investment W/Low Maintenance And Tremendous Cashflow.
Call
Extras
Full List Of Inclusions/Exclusions Available
Property Details
Category
Apartment
Usage
Apts-6 To 12 Units
Zoning
D2 - Downtown Mixed Use-Pedestrian Focus
Total Area
10,800 Sq Ft
Lot Size
49' x 100'
Taxes
$35,068 (2021)
Parking Spaces
5
Air Conditioning
Yes
Call
Listing contracted with Sotheby`S International Realty Canada, Brokerage
Similar Listings
Renovation Opportunity For 9 Units: Capitalize On This Chance To Transform A 6,000 Sqft Structure Into 9 Distinct Living Spaces. This Venture Encompasses A Variety Of Unit Sizes, Ranging From Intimate 430 Sqft Abodes To More Spacious 670 Sqft Two-Bedroom Dwellings. Situated In The Heart Of Downtown Hamilton, Within The D1 Zoning District, This Location Is Characterized By Its Adaptable Policies That Favour Residential Projects. This Endeavour Is Synonymous With A Straightforward Conversion Experience, Making It An Exemplary Choice For Either Investors Or Developers Eager To Explore The Rental Or Boutique Condominium Sector.
Call
Hamilton's downtown development is thriving, drawing comparisons to the vibrant Brooklyn! If you're interested in investing in a property that offers excellent rental cash flow and the potential to become a new downtown landmark, there's a rare opportunity that includes 657, 659, and 663 King Str East in Hamilton (These three must be sold together at asking price $3.99 Million) . These properties present the potential for a 12-story mixed-use commercial/residential building with 64 luxurious condominiums under current TOC1 zoning. Conveniently located on the proposed LRT route, the combined land area is approximately 8,102.16 square feet. Positioned on the bustling King Street/Wentworth Street, the properties feature 74.9 feet of frontage, extending 110 feet in depth, and offer a convenient backyard exit route. Currently, the buildings house 16 apartmts and a popular bar on the main floor. Buyers need to conduct their due diligence as it will be sold as-is. The listing prices
Call
3 Commercial Unit And 6 Apartment Unit Investment With Banquet Hall Space. Tremendous Future Upside Potential On LRT Transit Corridor With Mix-Use Medium Density Zoning. Corner Property With 122' Frontage Exposure On Queenston Rd And Ample Parking Spaces. Easy Access To Red Hill Parkway And QEW. Floor Plan Available.
Call
Call