56 King Street, Hamilton, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Dundas. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,495,000 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 6 Bathrooms
- Premium 29.25 x 197 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
A rare and exciting mixed-use investment opportunity in the very heart of downtown Dundas! Perfectly positioned within the vibrant Dundas BIA, this standout property offers a prime commercial storefront paired with three spacious residential apartments - a dream combination for investors and owner-operators alike. The street-level commercial space spans approximately 1,200 square feet and benefits from excellent visibility, steady foot traffic, and an unbeatable downtown presence. Above and behind the storefront, you'll find three beautifully maintained apartments totaling approximately 3,400 square feet, all offering strong income potential. The residential component includes two generous 3-bedroom, 2-bathroom units with in-suite laundry, plus a ground-floor studio apartment. Five on-site parking spaces add even more value and convenience. Meticulously cared for from top to bottom, this is a turnkey opportunity in one of Dundas' most sought-after locations. Reach out today for full financials and additional details - opportunities like this don't come along often!
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Pricing & Value Insights
Data-driven valuation for 56 King Street W, Hamilton, ON L9H 1T8
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 $2,495,000 in Hamilton, the legal minimum down payment is $499,000 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 $48,850 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 $48,850.
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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.