463-477 King St E , Hamilton

Bed / Bath / $6,250,000 / MLS® Listing #:X5720433

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This Investment Giant Offers Tremendous Cashflow Value With Strong Future Upside. With Over 142' Of Frontage On The Lrt Route And A Large 26-Car Parking Lot Behind It, This Property Occupies The Majority Of Its Block. The 8 Retail Units, 16 Residential Units, Coin Laundry, And Parking Rentals Offer Strong Multi-Stream Cashflow. Extensively Renovated, This Property Benefits From Major Facade Updates Including All-New Retail Glass, Newer Windows, Roof, And High-Efficiency Boilers. Additional Updates Are Currently Underway In Several Of The Retail Units. Current Proforma Noi Exceeds $322,000/Year Accounting For Professional Management And Standard Vacancy/R&M Budgets. Clean Phase I In 2019. This Beautiful Property Is In Excellent Condition And Will Continue To Climb In Value As Rents Rise And The Neighbourhood Continues To Redevelop As Lrt Is Implemented. Don't Miss This Spectacular Investment For Both Short-Term And Long-Term Benefit.

Property Details

Property Type Investment
Property Style N/A
Square Feet
Property Tax $56,766
Maintenance N/A
Days On Our Website 4
Basement
Kitchens
Garages
Lot Dimensions 143.00 x 125.00
Pool N/A
Area Hamilton
Fireplaces N/A
Air Conditioning Part
Heating - Gas Hot Water
Exterior
Garage Type Outside/Surface
Sewers N/A
Water Municipal

Room Information

Floor Room Dimensions Description

Bathroom Information

Floor Description

Listing Office: SOTHEBY`S INTERNATIONAL REALTY CANADA, BROKERAGE

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