979 King Street E, Hamilton
- Living area: 2200 square feet
- Type: Commercial
- Added: 14 days ago
- Updated: 4 days ago
- Last Checked: 7 hours ago
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:1945)
Property Details
- Stories: 2
- Exterior Features: Brick, Aluminum siding
- Building Area Total: 2200
Interior Features
- Basement: Partial
- Living Area: 2200
Exterior & Lot Features
- Water Source: Municipal water
- Parking Total: 5
Location & Community
- Directions: King Street to Barnesdale Ave
- Common Interest: Freehold
- Street Dir Suffix: East
- Subdivision Name: 200 - Gibson/Stipley
- Community Features: High Traffic Area
Tax & Legal Information
- Tax Annual Amount: 7008
- Zoning Description: TOC3
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