Exceptional investment opportunity with this fully leased live/work property in a prime high-traffic area of east-end Hamilton. This freestanding high-visibility corner building features approximately 1,400 sq. ft. of commercial space on the main floor with 11ft high ceilings and an additional 1,400 sq. ft. second-floor residential apartment and a basement. Zoned C2, the property supports a wide range of commercial uses including office/retail/business uses. The main-floor retail tenant pays $2,700/month with 2 years remaining on a 5-year lease, while the upper-level 3-bedroom, 1-bath apartment has been leased for 3 years at $2,075/month. The basement is currently being used by the Owner and not part of the leased units. Total monthly income of $4,775 generates $57,300 annually, with Upper Level tenant willing to stay. Attached garage with storeage/loading dock access loading zone.Excellent exposure, public transit at the doorstep, ample street parking, and quick access to the Red Hill Valley Parkway and QEW make this a strong, turnkey income-producing asset. (id:51158)
| MLS® Number | X12789996 |
| Property Type | Single Family |
| Community Name | Delta |
| Parking Space Total | 2 |
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Appliances | Garage Door Opener Remote(s), Water Heater, Dryer, Garage Door Opener, Hood Fan, Washer |
| Basement Type | Full |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Stucco |
| Foundation Type | Concrete |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
| Garage |
| Acreage | No |
| Size Depth | 99 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 40 X 99 Ft |
| Size Total Text | 40 X 99 Ft |
| Zoning Description | C2 |
https://www.realtor.ca/real-estate/29362586/1548-king-street-e-hamilton-delta-delta
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