ON > Hamilton (gibson) > Gibson
Hamilton (gibson), ON L8M1B1,835 KING STREET E
Hamilton (gibson), ON L8M1B1,835 KING STREET E
Hamilton (gibson), ON L8M1B1,835 KING STREET E
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$2,299,000
Est. payment /mo
11,696 SqFt
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 11,696 sqft

Price per Sqft $196

Subdivision Gibson

MLS® Listing ID X12007593

Originating Board Toronto Regional Real Estate Board

Property Description

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:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Hot water radiator heat

Cooling Partially air conditioned

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 5

Private Pool No

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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