979 King Street E, Hamilton, Ontario L8M 1C3

Listed for:
$750,000
0 beds
0 baths
Listed 32 days ago
979 King Street E, Hamilton, Ontario L8M 1C3

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Learn more about this property
Listing provided by:
RE/MAX Escarpment Realty Inc.
MLS® number:
40702415
Agent:
Tino Goritsas
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About

KING ST TO BARNESDALE AVE 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:27476)

Property Highlights

MLS® Number
40702415
Type
Other
Ownership Type
Freehold
Land Size
under 1/2 acre

Building

Storeys
2.00
Square Footage
2200 sqft
Exterior Finish
Aluminum siding, Brick
Fireplace Present
No
Basement Type
Partial
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type

Utilities

Water
Municipal water

Location

Street Spotlight - For sale