ON > Hamilton > 202 - Gibson-Stipley South
Hamilton, ON L8M1C3,979 KING Street E
Hamilton, ON L8M1C3,979 KING Street E
Hamilton, ON L8M1C3,979 KING Street E
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$750,000
Est. payment /mo
2,200 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,200 sqft

Price per Sqft $340

Subdivision 202 - Gibson/Stipley South

MLS® Listing ID 40702415

Originating Board Cornerstone - Hamilton-Burlington

Property Sub-Type Freehold

Property Description

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:24570)

Location

Province ON

Rooms

Kitchen 0.0

Exterior

Parking Features No

Community Features High Traffic Area

View Y/N No

Private Pool No

Building

Story 2

Others

Ownership Freehold

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Listed by RE/MAX Escarpment Realty Inc.

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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