Attention Investors! Looking for an excellent location that provides a healthy return on investment? You've found it! This recently updated and super well maintained mixed use building with 2 residential and 1 commercial unit is truly a remarkable find. The building is located on the proposed LRT route with multiple future transit stops within close proximity, literally! Being on the corner lot of King St E, the property is exposed to high traffic and a great amount of pedestrians passing by. About the building: Unit 1(Convenience store: Currently Leased for $2500+HST monthly with rent increasing to $2700+HST in July 2025, Approx. 1600 sq ft, desirable lease that is favourable to the Landlord is in place), Unit 2(Residential unit: Rented for $2600 + Utilities, 3 beds, 2 bathrooms, Approx. 1000 sq ft, unit has been fully renovated w/lots of upgrades), Unit 3(Residential unit: Vacant, but currently listed for $2400 + utilities, 3 beds, 1 bath, Approx. 890 SqFt unit has been fully renovated w/lots of upgrades), POTENTIAL for a 4TH UNIT in basement! All units have their own separate entrance. In addition, there is separate Hydro/Gas meters in place for the units. The Electrical room has been nicely organized and updated with 800 AMP services for the building! Parking for more than 5+cars. Landlord only pays for Property Tax, Property Insurance & Water Heater Rental. Super low cost to operate the building as the Retail Tenant maintains the property (Snow, Garbage removal, & more).
MLS# | 40694389 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Days On Site | 11 |
Listing Provided By | Keller Williams Complete Realty | Bland Jafar Kaka |
SQ Feet | 3,593 |
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Basement | Y |
Story(s) | 2 |
Zoning | TOC1 |
State | ON |
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County | Hamilton |
City | Hamilton |
Zip Code | L8M 1G8 |
Area | 20 Hamilton Centre |
Subarea | 202 Gibson | Stipley South |
Community Name | 202 Gibson/Stipley South |
Listing VS Median (in 202 Gibson/Stipley South) | |
Price: $1,250,000 low | high Med: $259,900 SqFt: 3,593 low | high Med: 480 $ / SqFt: $348 low | high Med: $541 On Site: 11 low | high Med: 4.000000 |