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 | 40666604 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Days On Site | 40 |
| Listing Provided By | RE/MAX Escarpment Realty Inc. | Tino Goritsas |
Features
| Sq Feet | 2,200 |
|---|---|
| Basement | Y |
| Storys | 2 |
| Zoning | TOC3 |
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Learn More About This Property
| State | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Zip Code | L8M 1C3 |
| Area | 20 Hamilton Centre |
| Subarea | 200 Gibson | Stipley |
| Community Name | 200 Gibson/Stipley |
| Listing VS Median (in 200 Gibson/Stipley) | |
Price: $799,900 low | high Med: $549,950 SqFt: 2,200 low | high Med: 1,195 $ / SqFt: $364 low | high Med: $460 On Site: 40 low | high Med: 47.500000 | |