$6,250,000
Available - For Sale
Listing ID: X5720433
463-477 King St East , Hamilton, L8N 1C7, Ontario
| 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. |
| Price | $6,250,000 |
| Taxes: | $56766.18 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 463-477 King St East , Hamilton, L8N 1C7, Ontario |
| Postal Code: | L8N 1C7 |
| Province/State: | Ontario |
| Legal Description: | Lts 2, 3 & 4, Pl 99 ; S/T Interest(S) In |
| Lot Size: | 143.00 x 125.00 (Feet) |
| Directions/Cross Streets: | Victoria Avenue North |
| Category: | Apartment |
| Use: | Apts-13 To 20 Units |
| Building Percentage: | N |
| Total Area: | 17800.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 10650 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 7150 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Financial Statement: | Y |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | Part |
| Water: | Municipal |
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SAM & NASRIN SAMIEPOUR & TAYEBI
Sales Representative
Dir:
6479946301
Bus:
905.764.7111
Fax:
905.764.1274
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At a Glance:
| Type: | Com - Investment |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Landsdale |
| Lot Size: | 143.00 x 125.00(Feet) |
| Tax: | $56,766.18 |
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