$799,000Asking Price
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.
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.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 3-Piece Bathroom on Main Floor | ||||
| 1 3-Piece Bathroom on Upper | ||||
| 1 3-Piece Bathroom | ||||
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Delta, Hamilton is a west GTA neighbourhood notable for its business and education, law & public sector professionals, salespeople and tradespeople. Residents tend to be older with a significant number of babies, adults aged 30 to 64 and seniors aged 65 to 69.
Kids Per Family
1.1
kids per family
in the neighbourhood.
45%
of residents are
single and loving it.
45% singles
Hamilton (46%)
19%
of residents
are renters.
19% renters
Hamilton (32%)
27%
of residents are
university grads.
27% university grads
Hamilton (28%)Average Household Income
$105K
is the average household
income in the neighbourhood.
Professions
| Sales | 15% |
| Business | 11% |
| Trades | 10% |
| Government | 10% |
| Management | 5% |
12%
of residents were
born outside of Canada.
12% immigrants
Hamilton (25%)2.2% from UK
All-time
0.1% from UK
Recent
Foreign Languages
| French | 1% |
| Italian | 1% |
| Spanish | 1% |
| Polish | 1% |
| Serbian | 1% |
Religions
| Christian | 66% |
| Buddhist | 1% |