979 King Street E Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8M 1C3
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $340
MLS Listing ID 40702415
Abv Grd Liv Area 2,200
Annual Tax Amount $7,008
Property Sub-Type Mixed,Building and Land
Source Hamilton - Burlington
Property Description
Investors, don't miss this turn-key, fully leased mixed-use building generating a solid income with a gross yearly income of $54,000 and approximately $43,000 in net income. Tenants cover all utilities, making this a low-maintenance investment, with the seller only responsible for property taxes, insurance and water heater. The property features a leased storefront on the ground floor, along with a spacious, updated 3-bedroom residential unit upstairs. Over the past 10 years, the building has seen improvements, including a new roof, windows, furnace, and a complete renovation of the upstairs unit. Additionally, there's parking for five + vehicles, with spots located at both the rear and side of the building, plus a full basement offering extra storage or potential future use. This is an excellent opportunity for investors looking for a property with minimal upkeep and strong rental income. Buyers and agents are advised to verify zoning and room sizes independently. For further details or to schedule a viewing, please contact the listing agent
Location
Province ON
County Hamilton
Area 20 - Hamilton Centre
Zoning TOC3
Direction KING ST TO BARNESDALE AVE
Rooms
Basement Partial
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 18.16
Lot Depth 90.78
Garage No
Building
Lot Description Irregular Lot,City Lot,High Traffic Area
Faces KING ST TO BARNESDALE AVE
Story 2
Sewer Other
Water Municipal
Structure Type Aluminum Siding,Brick
New Construction No
Others
Senior Community No
Tax ID 172130215
Ownership Freehold/None