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Crown Point West
1256 KING Street E
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1256 KING Street E $1,250,000
$1,250,000
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1256 KING Street E
Hamilton, Ontario L8M1G8

MLS® Number: 40694402
3
Bedrooms
3
Bathrooms
3593
Square Feet

Listing Description

Attention Investors! Looking for an excellent location that provides a healthy return on investment? You've found it! This recently updated and super well maintained mixed use building with 2 residential and 1 commercial unit is truly a remarkable find. The building is located on the proposed LRT route with multiple future transit stops within close proximity, literally! Being on the corner lot of King St E, the property is exposed to high traffic and a great amount of pedestrians passing by. About the building: Unit 1(Convenience store: Currently Leased for $2500+HST monthly with rent increasing to $2700+HST in July 2025, Approx. 1600 sq ft, desirable lease that is favourable to the Landlord is in place), Unit 2(Residential unit: Rented for $2600 + Utilities, 3 beds, 2 bathrooms, Approx. 1000SqFt, unit has been fully renovated w/lots of upgrades), Unit 3(Residential unit: Vacant, but currently listed for $2400 + utilities, 3 beds, 1 bath, Approx. 890SqFt, unit has been fully renovated w/lots of upgrades), POTENTIAL for a 4TH UNIT in basement! All units have their own separate entrances. In addition, there are separate Hydro/Gas meters in place for the units. The Electrical room has been nicely organized and updated with 800 AMP service for the building! Parking for more than 5+cars. Landlord only pays for Property Tax, Property Insurance & Water Heater Rental. Super low cost to operate the building as the Retail Tenant maintains the property (Snow, Garbage removal, & more). (68549805)

Location Description

King St E & Glendale Ave S

Property Summary

Property Type
Multi-family
Building Type
Triplex
Storeys
2
Square Footage
3593 sqft
Subdivision Name
202 - Gibson/Stipley South
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$10,603.96
Parking Type
Visitor Parking
Time on REALTOR.ca
56 days

Building

Bathrooms
Total
3
Interior Features
Basement Type
Full (Unfinished)
Building Features
Rental Equipment
Water Heater
Total Units
3
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air, Other, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
High Traffic Area, Community Centre
Amenities Nearby
Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Parking
Parking Type
Visitor Parking
Total Parking Spaces
6

Measurements

Square Footage
3593 sqft
Above Grade Finished
3593 sqft
Source: Other

Land

Lot Features
Frontage
62 ft
Land Depth
118 ft
Other Property Information
Access
Road access, Highway access
Zoning Description
TOC1
Data provided by: Cornerstone - Hamilton-Burlington 505 York Boulevard, Hamilton, Ontario L8R 3K4
905-745-5378
Email
Book showing
Keller Williams Complete Realty
1044 Cannon Street E. Unit T
Hamilton, Ontario L8L2H7
905-308-8333

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