463-477 King St E
Hamilton, L8N1C7
For Sale
$5,300,000
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➧
Retail
CATEGORY20,180 Sq Ft
TOTAL AREAX8212410
MLSIDContact Us
Property Description
A 24-unit mixed-use (retail/apartment) building located in Hamilton, Ontario. The Property comprises 15, 2-bedroom and 1, 3-bedroom apartment suits and 8 ground floor retail units spanning 950 to 1,100 SF in size. In addition to leasing 87.5% of the residential units at market rates, the Vendor has undergone extensive renovations to the property since 2019, including updates to the picturesque facade, replacing residential windows, commercial doors and glass doors. Total retail area of 9,270 SF. The Property generates $410,951 in annual net operating income.
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Property Details
Category
Retail
Usage
Retail Store Related
Zoning
Toc1
Total Area
20,180 Sq Ft
Office/Apartment Area
67.0
Retail Area
33.0
Lot Size
143' x 125'
Taxes
$30,339 (2023)
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Listing contracted with Colliers Macaulay Nicolls Inc.
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A 24-unit mixed-use (retail/apartment) building located in Hamilton, Ontario. The Property comprises 15, 2-bedroom and 1, 3-bedroom apartment suites and 8 ground floor retail units spanning 950 to 1,100 SF in size. In addition to leasing 85.5% of the residential units at market rates, the Vendor has undergone extensive renovations to the property since 2019, including updates to the picturesque facade, replacing residential windows, commercial doors, and glass windows. Total retail area of 9,270 SF. The Property generates $410,951 in annual net operating income.
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