979 King Street E Hamilton, Ontario L8M 1C3
$750,000
Investors, don’t miss this turn-key, fully leased mixed-use building generating a solid income with a gross yearly income of $54,000 and approximately $43,000 in net income. Tenants cover all utilities, making this a low-maintenance investment, with the seller only responsible for property taxes, insurance and water heater. The property features a leased storefront on the ground floor, along with a spacious, updated 3-bedroom residential unit upstairs. Over the past 10 years, the building has seen improvements, including a new roof, windows, furnace, and a complete renovation of the upstairs unit. Additionally, there’s parking for five + vehicles, with spots located at both the rear and side of the building, plus a full basement offering extra storage or potential future use. This is an excellent opportunity for investors looking for a property with minimal upkeep and strong rental income. Buyers and agents are advised to verify zoning and room sizes independently. For further details or to schedule a viewing, please contact the listing agent (id:61015)
Property Details
| MLS® Number | 40702415 |
| Property Type | Other |
| Neigbourhood | Stipeley |
| Community Features | High Traffic Area |
Building
| Basement Type | Partial |
| Exterior Finish | Aluminum Siding, Brick |
| Stories Total | 2 |
| Size Exterior | 2200.0000 |
| Size Interior | 2,200 Ft2 |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Size Depth | 91 Ft |
| Size Frontage | 18 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Toc3 |
https://www.realtor.ca/real-estate/27966124/979-king-street-e-hamilton
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March 26 2025 08:10:31
REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Realty Inc.