king st e

0 Bedroom Real Estate has been listed for sale at 463 - 477 King St E in Hamilton for $4,649,000. Chat with a local expert, book a tour.

Hamilton

Delta East

477 King St E

463 - 477 King St E, For Sale in Hamilton - eXp Realty

This exceptional investment is listed at over a 6% cap rate based on in-place cash flow with five commercial units vacant: imagine the upside! Additionally, a path has been identified for the conversion of main floor retail units to up to new 16 residential apartments - which would also make this property eligible for CMHC-backed financing! With over 142' of frontage on the future LRT route and a large 26-car parking lot behind it, this property occupies the majority of the city block, making it a strong future development opportunity as well. Extensively renovated, this property benefits from major facade updates including all-new retail glass, newer windows, roof, and high-efficiency boilers. The rear fire metal fire escape has just been rebuilt at substantial cost. The existing residential units are all 2-bedroom units and one 3-bed unit. With high ceilings, large windows, updated kitchens and bathrooms, on-site parking, and generous floor plans, these huge apartments are very appealing to tenants. The commercial units are all around 1000 sq ft and benefit from soaring ceilings, basements, and roll-out access to the rear parking lot. This property has been priced to sell - the opportunity for a capable buyer is truly compelling.

This Investment Giant Offers Tremendous Cashflow Value With Strong Future Upside. With Over 142' Of Frontage On The Lrt Route And A Large 26-Car Parking Lot Behind It, This Property Occupies The Majority Of Its Block. The 8 Retail Units, 16 Residential Units, Coin Laundry, And Parking Rentals Offer Strong Multi-Stream Cashflow. Extensively Renovated, This Property Benefits From Major Facade Updates Including All-New Retail Glass, Newer Windows, Roof, And High-Efficiency Boilers. Additional Updates Are Currently Underway In Several Of The Retail Units. Current Proforma Noi Exceeds $322,000/Year Accounting For Professional Management And Standard Vacancy/R&M Budgets. Clean Phase I In 2019. This Beautiful Property Is In Excellent Condition And Will Continue To Climb In Value As Rents Rise And The Neighbourhood Continues To Redevelop As Lrt Is Implemented. Don'T Miss This Spectacular Investment For Both Short-Term And Long-Term Benefit. (Id:15898)

This Investment Giant Offers Tremendous Cashflow Value With Strong Future Upside. With Over 142' Of Frontage On The Lrt Route And A Large 26-Car Parking Lot Behind It, This Property Occupies The Majority Of Its Block. The 8 Retail Units, 16 Residential Units, Coin Laundry, And Parking Rentals Offer Strong Multi-Stream Cashflow. Extensively Renovated, This Property Benefits From Major Facade Updates Including All-New Retail Glass, Newer Windows, Roof, And High-Efficiency Boilers. Additional Updates Are Currently Underway In Several Of The Retail Units. Clean Phase I In 2019. Current Proforma Noi Exceeds $322,000/Year Accounting For Professional Management And Standard Vacancy/R&M Budgets. This Beautiful Property Is In Excellent Condition And Will Continue To Climb In Value As Rents Rise And The Neighbourhood Continues To Redevelop As Lrt Is Implemented. Don'T Miss This Spectacular Investment For Both Short-Term And Long-Term Benefit. (Id:15898)

This Investment Giant Offers Tremendous Cashflow Value With Strong Future Upside. With Over 142' Of Frontage On The Lrt Route And A Large 26-Car Parking Lot Behind It, This Property Occupies The Majority Of Its Block. The 8 Retail Units, 16 Residential Units, Coin Laundry, And Parking Rentals Offer Strong Multi-Stream Cashflow. Extensively Renovated, This Property Benefits From Major Facade Updates Including All-New Retail Glass, Newer Windows, Roof, And High-Efficiency Boilers. Additional Updates Are Currently Underway In Several Of The Retail Units. Clean Phase I In 2019. Strong Noi That Continues Climbing As Commercial Units Lease Up! This Beautiful Property Is In Excellent Condition And Will Continue To Climb In Value As Rents Rise And The Neighbourhood Continues To Redevelop As Lrt Is Implemented. Don'T Miss This Spectacular Investment For Both Short-Term And Long-Term Benefit. (Id:15898)

This Investment Giant Offers Tremendous Cashflow Value With Strong Future Upside. With Over 142' Of Frontage On The Lrt Route And A Large 26-Car Parking Lot Behind It, This Property Occupies The Majority Of Its Block. The 8 Retail Units, 16 Residential Units, Coin Laundry, And Parking Rentals Offer Strong Multi-Stream Cashflow. Extensively Renovated, This Property Benefits From Major Facade Updates Including All-New Retail Glass, Newer Windows, Roof, And High-Efficiency Boilers. Additional Updates Are Currently Underway In Several Of The Retail Units. Strong Noi That Continues Climbing As Commercial Units Lease Up! This Beautiful Property Is In Excellent Condition And Will Continue To Climb In Value As Rents Rise And The Neighbourhood Continues To Redevelop As Lrt Is Implemented. Don'T Miss This Spectacular Investment For Both Short-Term And Long-Term Benefit. (Id:15898)

This Ideally-Positioned Asset Offers Tremendous Cashflow Value With Strong Future Upside! With Over 142' Of Frontage On The Lrt Route And A Large 26-Car Parking Lot Behind It, This Property Occupies The Majority Of The City Block. Sporting Both This Significant Frontage And Rear Alley Access, 463-477 King Also Offers Extensive Future Development Opportunity. Meanwhile, The Existing 8 Retail Units, 16 Residential Units, Coin Laundry, And Parking Rentals Offer Strong Multi-Stream Cashflow. Extensively Renovated, This Property Benefits From Major Facade Updates Including All-New Retail Glass, Newer Windows, Roof, And High-Efficiency Boilers. Strong Noi That Continues Climbing As Commercial Units Lease Up, With 3 Commercial Units Still Available! It Therefore Offers Easily-Capturable Upside In The Form Of The Vacant Commercial. The Residential Units Offer Excellent And Stable Cashflow While Also Offering Upside As Units Become Available. Offering An Over 5% Cap Rate Based On Present Noi, This Beautiful Property Is In Excellent Condition And Will Continue To Climb In Value As Rents Rise And The Neighbourhood Continues To Redevelop With Lrt Implementation. Don'T Miss This Spectacular Investment For Both Short-Term And Long-Term Benefit. (Id:15898)

A 24-unit mixed-use (retail/apartment) building located in Hamilton, Ontario. The Property comprises 15, 2-bedroom and 1, 3-bedroom apartment suites and 8 ground floor retail units spanning 950 to 1, 100 SF in size. In addition to leasing 85.5% of the residential units at market rates, the Vendor has undergone extensive renovations to the property since 2019, including updates to the picturesque facade, replacing residential windows, commercial doors, and glass windows. Total retail area of 9, 270 SF. The Property generates $410, 951 in annual net operating income.

463 - 477 King St E, Hamilton, ON

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