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CAONHamiltonDelta East477 King St E
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 1
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 2
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 3
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 4
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 5
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 6
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 7
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 8
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 9
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 10
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 11
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 12
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 13
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 14
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 15
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 16
477 King St E, Home with 0 bedrooms, 0 bathrooms and 27 parking in Hamilton ON | Image 17
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Added 3 days ago

$4,300,000

477 King St E, Hamilton, ON

Real Estate

For Sale

Listed price in listed location currency (CAD).
$4,300,000

Added 3 days ago

00-27
  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $94,575
Days Active 2
Approx. Age 
MLS® Number 40747416

Property Address: 477 King St E, Hamilton, Ontario

Average square foot calculated using Size range provided by listing agent.

Description

This exceptional investment is LISTED AT A 6% CAP RATE based on in-place cash flow without any value given to the five vacant commercial units...Imagine the upside! There are so many ways to optimize this property for a stronger NOI. With over 142' of frontage on the future LRT route and a large 26-car parking lot behind it, this property occupies the majority of the city block, making it a strong future development opportunity as well. Extensively renovated, this property benefits from major facade updates including all-new retail glass, newer windows, roof, and high-efficiency boilers. The rear fire metal fire escape has also just been rebuilt at substantial cost. The existing residential units are all 2-bedroom units and one 3-bed unit. With high ceilings, large windows, updated kitchens and bathrooms, on-site parking, and generous floor plans, these huge apartments are very appealing to tenants. The commercial units are all around 1000 sq ft and benefit from soaring ceilings, basements, and roll-out access to the rear parking lot. Seller has a recent clean Phase I Environmental Study on-hand! This property has been priced to sell - the opportunity for a capable buyer is truly compelling.
MLS® Number40747416
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories3
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

477 King St E, Hamilton, ON

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