320 King Street East presents a rare opportunity to acquire a fully stabilized, 5-unit mixed-use asset in the heart of Hamilton’s historic International Village. Generating a highly efficient actual Net Operating Income of $62,459.46 with zero vacancy, the 2,901-square-foot property features a main-floor retail space, three standard apartments, and a premium 650-square-foot renovated coach house ideal for owner-occupiers or yield-focused investors. While currently performing as a turn-key cash generator, the asset offers tangible value-add potential through a significant loss-to-lease opportunity on one drastically under-market residential unit. Furthermore, with a Walker's Paradise Walk Score of 98 and Transit Oriented Corridor (TOC1) zoning, this property is strategically positioned for massive long-term capital appreciation directly along the route of Hamilton's upcoming $3.4 billion Light Rail Transit (LRT) project. (id:49269)
| MLS® Number | 40807775 |
| Property Type | Other |
| AmenitiesNearBy | Public Transit |
| CommunityFeatures | High Traffic Area |
| EquipmentType | Water Heater |
| Features | Visual Exposure |
| RentalEquipmentType | Water Heater |
| SignType | Signband |
| BasementType | Full |
| ExteriorFinish | Brick |
| FoundationType | Stone |
| StoriesTotal | 2 |
| SizeExterior | 1945.0000 |
| SizeInterior | 1945 Sqft |
| UtilityWater | Municipal Water |
| AccessType | Road Access |
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Municipal Sewage System |
| SizeDepth | 125 Ft |
| SizeFrontage | 20 Ft |
| SizeIrregular | 0.088 |
| SizeTotal | 0.088 Ac|under 1/2 Acre |
| SizeTotalText | 0.088 Ac|under 1/2 Acre |
| ZoningDescription | D2 |
https://www.realtor.ca/real-estate/29439912/320-king-street-e-hamilton
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