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Listed by Tino Goritsas • RE/MAX Escarpment Realty Inc.
$750,000
Est. payment /mo
2,200 SqFt
Active
979 King Street E Hamilton, ON L8M 1C3
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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
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