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Listed by Ryan Urban • Keller Williams Edge Realty
$ 2,300,000
Est. payment /mo
Active
72 King Street E Flamborough, ON L9H 1C2
7,456 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building Only
Listing Status Active
Purchase Type For Sale
Square Footage 7,456 sqft
Price per Sqft $308
MLS Listing ID 40871188
Abv Grd Liv Area 7,456
Annual Tax Amount $11,748
Property Sub-Type Building Only
Source Cornerstone
Property Description
Opportunity knocks in the heart of Dundas with this fully occupied, two-storey mixed-use building at the southeast corner of King Street East and Cootes Drive. Offering 7,456 sq ft across six units on a 0.20-acre corner lot with 146 feet of frontage, this well-maintained property delivers a diversified income stream from both commercial and residential tenants, plus 6 on-site parking spaces, a true rarity on this stretch of King Street.
The main floor features two commercial spaces totalling 3,757 sq ft: an established quick serve restaurant occupying 1,874 sq ft, purpose-built for restaurant use, and a separate freestanding retail store occupying 1,883 sq ft. Upstairs, four residential units totalling 3,699 sq ft include two 1-bedroom lofts, a 2-bedroom unit and a studio, each with its own washroom.
The numbers speak for themselves. The property generates a top line income of $12,768 per month, or $153,216 per year. Even better, the upside is built in. All existing tenancies are month to month, giving a new owner the flexibility to reposition rents toward market levels.
The building has been thoughtfully cared for, with LED and pot lighting and renovations completed in 2020. C5 zoning, steady foot traffic from the surrounding residential neighbourhood, transit at the door and easy access to Highway 403 round out a compelling package.
Whether you are an investor seeking stable cash flow with growth potential or an owner-operator looking to run your business while your tenants help pay the mortgage, 72 King Street East is an opportunity worth a closer look.
The main floor features two commercial spaces totalling 3,757 sq ft: an established quick serve restaurant occupying 1,874 sq ft, purpose-built for restaurant use, and a separate freestanding retail store occupying 1,883 sq ft. Upstairs, four residential units totalling 3,699 sq ft include two 1-bedroom lofts, a 2-bedroom unit and a studio, each with its own washroom.
The numbers speak for themselves. The property generates a top line income of $12,768 per month, or $153,216 per year. Even better, the upside is built in. All existing tenancies are month to month, giving a new owner the flexibility to reposition rents toward market levels.
The building has been thoughtfully cared for, with LED and pot lighting and renovations completed in 2020. C5 zoning, steady foot traffic from the surrounding residential neighbourhood, transit at the door and easy access to Highway 403 round out a compelling package.
Whether you are an investor seeking stable cash flow with growth potential or an owner-operator looking to run your business while your tenants help pay the mortgage, 72 King Street East is an opportunity worth a closer look.
Location
Province ON
County Hamilton
Area 41 - Dundas
Zoning C5
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 146.0
Lot Depth 87.0
Garage No
Building
Lot Description High Traffic Area, Highway Access, Public Transit
Story 2
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 174780094
Ownership Freehold/None
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