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835 KING STREET E, Hamilton, Ontario, L8M 1B1

MLS® # X12007593
Commercial For Sale In Gibson, Hamilton, Ontario
$2,499,000
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
835 King Street E, Hamilton, ON
  • Advertising
835 KING STREET E, Hamilton, Ontario, L8M 1B1
$2,499,000

Property Information:

Exceptional Investment Opportunity! This property consists of 6 recently renovated residential units and 4 commercial units. The residential units were completely gutted and rebuilt in 2019 with no expense spared, featuring new windows, doors, flooring, countertops, appliances, bathrooms, kitchens and independent HVAC systems for each unit. The property consists of a three-story building with an approximate total area of 11,696 square feet. The commercial portion of the building comprises approximately 4,406 square feet of leasable space, spread across four street-front commercial units, each including basement space. The residential portion of the building accounts for around 7,290 square feet of gross area. With the upcoming construction of the new LRT route running directly along King St. E. and on-site parking, this location is set for even greater potential. All tenants cover their own hydro and gas expenses. A highly profitable investment, with dropping interest rates this is your chance to acquire 10 doors in one GO and start cash flowing. Current NOI of approximately $130k. (id:27)

Building Features:

  • Style: Mixed
  • Building Type: Residential Commercial Mix
  • Air Conditioning: Yes
  • Floor Space: 11696 sqft
  • Heating Type: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Cooling Type: Partially air conditioned

Property Features:

  • Property Type: Retail
  • Amenities Nearby: Public Transit
  • Floor Space (approx): 11696 Square Feet
  • Irregular: Yes
  • Lot Depth: 80.0 Feet
  • Lot Frontage: 72.0 Feet
  • Lot Size: 72 x 80 FT ; Irregular
  • Zoning: H
  • No. of Parking Spaces: 5

Courtesy of: IPRO REALTY LTD.

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 835 KING STREET E, Hamilton, Ontario, L8M 1B1

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

29 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: Moderate

29 hot days expected in 2050

47/100

Moderate

ClimateCheck®

Current data

This property, 835 KING STREET E , experiences 7 hot days per year at around 32.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 35.6 degrees Celsius.

Projected Avg. Temperature

Past
32.1℃
2050
35.6℃

# Hot Days Per Year

Past
7
2050
29

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

13 storms expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 835 KING STREET E , experiences 11 significant 2-day storms per year, with about 306.7mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 381.7mm of precipitation per year.

Precipitation Per Storm

Past
306.7mm
2050
381.7mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 835 KING STREET E, Hamilton, Ontario, L8M 1B1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$89,080.59

Average Number of Children

1.75

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.39 %

High school certificate or equivalent

30.14 %

Apprenticeship trade certificate/diploma

5.5 %

College/non-university certificate

19.82 %

University certificate (below bachelor)

1.32 %

University Degree

18.82 %

Commuter

Travel To Work

By Car

70.19 %

By Public Transit

15.95 %

By Walking

8.2 %

By Bicycle

1.5 %

By Other Methods

4.16 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

52.31 %

Houses

47.69 %

Own Vs. Rent

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