219-221 King Street, Hamilton, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of Beasley. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,995,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 31.86 x 112.37 ft lot size
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
For Sale by Court-Appointed Receiver. 3-Storey mid-block retail / apartment building positioned on King Street East between Walnut Street and Ferguson Avenue North, one block South of King William Street. Just steps to restaurants, shopping, public transit, and everything downtown Hamilton has to offer. The ground floor and lower levels are anchored by two retail stores; Cherry Birch General, lease expiring July 2029 and 1 x 5 year option to renew and one remaining rent escalation for the remainder of the term. Girl on the Wing also has their lease expiring July 2029 and 1 x 2 year option to renew and one more rent step during the term. Six (6) residential apartments make up the 2nd and 3rd floors, one which is currently vacant. Offered for sale by Court-Appointed Receiver on a completely as is, where is basis, unpriced, and with no reps or warranties of any kind. Properties can be sold individually or as a package.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 219-221 King Street E, Hamilton, ON L8N 1B6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $1,995,000 in Hamilton, the legal minimum down payment is $399,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $36,375 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $36,375.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.