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). (id:56069)
| Business Type | Retail and Wholesale |
| Business Sub Type | Retail misc. |
| MLS® Number | X11957913 |
| Property Type | Retail |
| Neigbourhood | Crown Point West |
| Community Name | Gibson |
| Features | Irregular Lot Size |
| Age | 51 To 99 Years |
| Appliances | Dishwasher, Dryer, Hood Fan, Stove, Washer, Refrigerator |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 3,593 Ft2 |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 117 Ft ,7 In |
| Size Frontage | 62 Ft ,4 In |
| Size Irregular | 62.41 X 117.66 Ft |
| Size Total Text | 62.41 X 117.66 Ft |
| Zoning Description | Toc1 |
5 public & 4 Catholic schools serve this home. Of these, 8 have catchments. There are 2 private schools nearby.
12 tennis courts, 4 playgrounds and 8 other facilities are within a 20 min walk of this home.
Street transit stop less than a 1 min walk away. Rail transit stop less than 4 km away.
Unfortunately this location does not yet exist in Google Street View.
https://www.realtor.ca/real-estate/27881490/1256-king-street-e-hamilton-gibson-gibson
Contact us for more information
Bland Kaka
Salesperson
(905) 308-8333
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