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$1,489,000 Sale
Listed 7 hours ago
571-575 KING Street E
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Key Facts
Key facts for 571-575 KING Street E
Property Type
Commercial
Parking
Outside/Surface
MLS #
X14104950
Size
-
Basement
-
Listed on
2026-10-20
Lot size
49 x 0.0
Tax
$11,553 /yr
Days on Market
2
Approximate Age
-
Maintenance Fee
-
Description
Significantly renovated mixed-use investment property on Hamilton's future LRT corridor! Offering 5,544 sq. ft. above grade, this exceptionally well-maintained, two-storey building underwent an extensive, near-total renovation in 2019-2020 and features three 1-bedroom residential apartments and thre...e ground-floor retail storefronts, two of which are currently combined into one commercial unit. A full, usable basement provides substantial additional storage, while a rear fire escape adds further functionality. Offered at an attractive 6.2% cap rate, reflecting the significant capital investment already undertaken, this is an opportunity to acquire a substantially improved asset with diversified residential and commercial income. Situated on King Street East, directly along the planned Hamilton LRT route, the property is exceptionally well positioned to benefit from future transit investment, neighbourhood revitalization, and long-term growth. An appealing opportunity for investors seeking quality construction, current income, and meaningful future upside.
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Courtesy of: Corcoran Horizon Realty