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72 King Street E, Hamilton (Dundas), ON

Name: 72 King Street E, For Sale in Hamilton (Dundas) - Zoocasa
Brand: KELLER WILLIAMS EDGE REALTY
SKU: X14095336
Price: 2300000 CAD

House

For Sale

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000

MLS® X14095336

Overview

Key Facts

Type

Levels Commercial Sale

Size 7456 sqft

Garage

Taxes $11,748

Days Active 3

Lot Size 7456 Acres

Approx. Age

Avg. Price Per Sqft $308

MLS® Number X14095336

Property Address: 72 King Street E, Hamilton (Dundas), ON, L9H1C2

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

Description

Opportunity knocks in the heart of Dundas with this fully occupied, two-storey mixed-use building at the southeast corner of King Street East and Cootes Drive. Offering 7, 456 sq ft across six units on a 0.20-acre corner lot with 146 feet of frontage, this well-maintained property delivers a diversified income stream from both commercial and residential tenants, plus 6 on-site parking spaces, a true rarity on this stretch of King Street.The main floor features two commercial spaces totalling 3, 757 sq ft: an established quick serve restaurant occupying 1, 874 sq ft, purpose-built for restaurant use, and a separate freestanding retail store occupying 1, 883 sq ft. Upstairs, four residential units totalling 3, 699 sq ft include two 1-bedroom lofts, a 2-bedroom unit and a studio, each with its own washroom.The numbers speak for themselves. The property generates a top line income of $12, 768 per month, or $153, 216 per year. Even better, the upside is built in. All existing tenancies are month to month, giving a new owner the flexibility to reposition rents toward market levels.The building has been thoughtfully cared for, with LED and pot lighting and renovations completed in 2020. C5 zoning, steady foot traffic from the surrounding residential neighbourhood, transit at the door and easy access to Highway 403 round out a compelling package.Whether you are an investor seeking stable cash flow with growth potential or an owner-operator looking to run your business while your tenants help pay the mortgage, 72 King Street East is an opportunity worth a closer look. (id:58753)Show Description

MLS® NumberX14095336

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

HeatForced air, Natural gas

A/CFully air conditioned

Extras

Map

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