Exceptional Investment Opportunity! This property consists of 6 recently renovated residential units and 4 commercial units. The residential units were completely gutted and rebuilt in 2019 with no expense spared, featuring new windows, doors, flooring, countertops, appliances, bathrooms, kitchens and independent HVAC systems for each unit. The property consists of a three-story building with an approximate total area of 11,696 square feet. The commercial portion of the building comprises approximately 4,406 square feet of leasable space, spread across four street-front commercial units, each including basement space. The residential portion of the building accounts for around 7,290 square feet of gross area. With the upcoming construction of the new LRT route running directly along King St. E. and on-site parking, this location is set for even greater potential. All tenants cover their own hydro and gas expenses. A highly profitable investment, with dropping interest rates this is your chance to acquire 10 doors in one GO and start cash flowing. Current NOI of approximately $130k. (id:56069)
| MLS® Number | X12007593 |
| Property Type | Retail |
| Neigbourhood | Gibson |
| Community Name | Gibson |
| Amenities Near By | Public Transit |
| Parking Space Total | 5 |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 11,696 Ft2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Public Transit |
| Size Depth | 80 Ft |
| Size Frontage | 72 Ft |
| Size Irregular | 72 X 80 Ft ; Irregular |
| Size Total Text | 72 X 80 Ft ; Irregular |
| Zoning Description | H |
5 public & 4 Catholic schools serve this home. Of these, 8 have catchments. There are 2 private schools nearby.
3 playgrounds, 3 basketball courts and 7 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 3 km away.
Unfortunately this location does not yet exist in Google Street View.
https://www.realtor.ca/real-estate/27997052/835-king-street-e-hamilton-gibson-gibson
Contact us for more information
Roman Rana
Salesperson
(416) 364-2036
(416) 364-5546
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