Investment Commercial Building for Sale

MLS# H4117944 Price: $1,899,000




Property Description

Attention Investors! Quite building with great access to downtown living - Hess Village, Jackson Square, Hamilton Market, Locke Street, Dundurn Castle, Dundurn Plaza, Dollarama, McDonalds, Subway, 3 Tim Hortons Doctors / Dentist / Chiropractor offices, Travel agency. Close to parks and churches with City ( HSR) and Provincial ( Go ) bus stops at the front door. Multi-layer security system including gated entrance. 19 units - 16 shared accommodations, 3 bachelors. Gross Income currently over $114,000 CAD annually. Could easily be increased 20% to $136,000. Easy to rent due to inexpensive unit rates. Usually 100% occupancy and tenant payments. This well maintained building is increasing in value due to large infrastructure programs nearby in the downtown core and also new, under construction and planned condos. New roof just completed. Contact today!

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What's your Walk Score? 89 Very Walkable

What's your Transit Score? 80 Excellent Transit

Property Details: 413-415 King Street W (near Locke Street South )
Listing# 44659


Location

Address 413-415 King Street W
City Hamilton
Cross Streets Locke Street South
District Hamilton West (10)
Neighbourhood Strathcona South (103)
Listing Agent Vincent Gratta

Description

Sub Type Investment Price $ 1,899,000
Lease Rate Per For Sale Approx. Age 100+ Years
Location Hamilton Heating Gas Forced Air Closed
Square Footage 5300

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