$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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Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
SOTHEBY`S INTERNATIONAL REALTY CANADA, BROKERAGE
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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
Style:
Lot Size: 143.00 x 125.00(Feet)
Approximate Age:
Tax: $56,766.18
Maintenance Fee: $0
Beds:
Baths:
Garage: 0
Fireplace:
Air Conditioning:
Pool:
Locatin Map:
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