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Listed by Martinus Dominicus Geleynse • Corcoran Horizon Realty
$ 1,489,000
Est. payment /mo
Active
571-575 King Street E Hamilton, ON L8L 5N3
5,544 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 5,544 sqft
Price per Sqft $268
MLS Listing ID 40872439
Abv Grd Liv Area 5,544
Annual Tax Amount $11,553
Property Sub-Type Building and Land
Source Cornerstone
Property Description
Significantly renovated mixed-use investment property on Hamilton's future LRT corridor! Offering 5,544 sq. ft. above grade, this exceptionally well-maintained, two-storey building underwent an extensive, near-total renovation in 2019–2020 and features three 1-bedroom residential apartments and three ground-floor retail storefronts, two of which are currently combined into one commercial unit. A full, usable basement provides substantial additional storage, while a rear fire escape adds further functionality. Offered at an attractive 6.2% cap rate, reflecting the significant capital investment already undertaken, this is an opportunity to acquire a substantially improved asset with diversified residential and commercial income. Situated on King Street East, directly along the planned Hamilton LRT route, the property is exceptionally well positioned to benefit from future transit investment, neighbourhood revitalization, and long-term growth. An appealing opportunity for investors seeking quality construction, current income, and meaningful future upside.
Location
Province ON
County Hamilton
Area 14 - Hamilton Centre
Zoning TOC1
Direction Located on King Street East between Wentworth and Emerald
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 49.0
Garage No
Building
Lot Description City Lot, High Traffic Area, Public Transit, Schools
Faces Located on King Street East between Wentworth and Emerald
Story 2
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 171800141
Ownership Freehold/None
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