979 King Street E , Hamilton, ON L8M 1C3
Hamilton, ON L8M 1C3
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
Details
| MLS# | 40702415 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 53 |
| Listing Provided By | RE/MAX Escarpment Realty Inc. | Tino Goritsas |
Features
| SQ Feet | 2,200 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | TOC3 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8M 1C3 |
| Area | 20 Hamilton Centre |
| Subarea | 202 Gibson | Stipley South |
| Community Name | 202 Gibson/Stipley South |
| Listing VS Median (In 202 Gibson/Stipley South) | |
Price: $750,000 low | high Med: $592,450 SqFt: 2,200 low | high Med: 1,494 $ / SqFt: $341 low | high Med: $409 On site: 53 low | high Med: 61.500000 | |
