Significantly renovated mixed-use investment property on Hamilton's future LRT corridor! Offering 5,544 sq. ft. above grade, this exceptionally well-maintained, two-storey building underwent an extensive, near-total renovation in 2019-2020 and features three 1-bedroom residential apartments and three ground-floor retail storefronts, two of which are currently combined into one commercial unit. A full, usable basement provides substantial additional storage, while a rear fire escape adds further functionality. Offered at an attractive 6.2% cap rate, reflecting the significant capital investment already undertaken, this is an opportunity to acquire a substantially improved asset with diversified residential and commercial income. Situated on King Street East, directly along the planned Hamilton LRT route, the property is exceptionally well positioned to benefit from future transit investment, neighbourhood revitalization, and long-term growth. An appealing opportunity for investors seeking quality construction, current income, and meaningful future upside.
Address
571-575 King Street E
List Price
$1,489,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Hamilton
Sub-Area
Landsdale
Lot Type
Lot
Lot Size Units
Feet
Lot Width
49
Parcel Number
171800141
Total Building Area
5544
Occupant Type
Tenant
Cross Street
King St E and Steven St
MLS® Number
X14104950
Listing Brokerage
Corcoran Horizon Realty
Basement
Yes
Postal Code
L8L 5N3
Posession Details
Flexible
Tax Amount
$11,553.00
Tax Year
2025
Site Influences
Public Transit
Community Features
Public Transit
Standard Status
Active
Board Or Association
Oakville, Milton & District Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling
No
Cooling Features
Partial
Garage Type
Outside/Surface
Security Features
No
Waterfront
No
Sewer
Sanitary+Storm
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