40
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$799,000
Est. payment /mo
5 Beds
3 Baths
New
1408 King ST E Hamilton, ON L8M 1H8
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Delta
MLS Listing ID X13506188
Style 2-Storey
Bedrooms 5
Annual Tax Amount $7,000
Tax Year 2025
Property Sub-Type Duplex
Property Description
Impressive mixed-use investment opportunity situated on a generous 75.25 ft x 137.42 ft lot in a high-exposure King Street East location. This income-producing property offers a rare combination of commercial and residential revenue streams, making it an excellent addition to any investment portfolio. The property features a commercial unit on the main level generating $2,500/month, a spacious upper residential apartment currently rented for $2,000/month, and a basement unit with potential to generate $2,000/month (buyer to verify). With multiple tenancies in place, investors can benefit from immediate cash flow and long-term appreciation potential.Strategically located in Hamilton's growing east-end corridor, this property enjoys excellent visibility, steady pedestrian and vehicular traffic, and convenient access to transit, major roadways, shopping, and neighbourhood amenities. The expansive lot offers added value and future potential, subject to municipal approvals. Whether you're an investor seeking stable income or an owner-operator looking for a property with built-in rental support, this versatile mixed-use asset presents an outstanding opportunity in a thriving market.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Family Room No
Basement Apartment
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Carpet Free
Cooling Central Air
Fireplace Yes
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 75.25
Lot Depth 137.42
Total Parking Spaces 6
Building
Foundation Concrete
Others
ParcelsYN No
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