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USD 4,672,681

463-477 KING ST E
Hamilton, Ontario

Property Description

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. (id:885)

Courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA

Property Details

ID #
X5754820
Status
Sale
Type
Multi-family, Multi-Family, Multi Residential, Residential
Postal Code
L8N1C7
Building Area
1,654m2
Amenities
Public Transit
Area Amenities
Public Transit
Cooling Type
Partially air conditioned
Parking Space Total
26
Utility Water
Municipal water

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