+36 more
0.088 ac
Lot
About This Property
This retail in Hamilton offers a 0.088 ac lot. 2 storeys. The property has lot dimensions of Bldg=19.62 x 124.8 FT. The home features radiant heat heating.
MLS Remarks
320 King Street East presents a rare opportunity to acquire a fully stabilized, 5-unit mixed-use asset in the heart of Hamilton’s historic International Village. Generating a highly efficient actual Net Operating Income of $62,459.46 with zero vacancy, the 2,901-square-foot property features a main-floor retail space, three standard apartments, and a premium 650-square-foot renovated coach house ideal for owner-occupiers or yield-focused investors. While currently performing as a turn-key cash generator, the asset offers tangible value-add potential through a significant loss-to-lease opportunity on one drastically under-market residential unit. Furthermore, with a Walker's Paradise Walk Score of 98 and Transit Oriented Corridor (TOC1) zoning, this property is strategically positioned for massive long-term capital appreciation directly along the route of Hamilton's upcoming $3.4 billion Light Rail Transit (LRT) project. (id:60351)
Overview
Property Typecommercial
Sub-Typeretail
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