Overview

This retail property in Hamilton is for sale offering roughly 10,824 sq ft of space.

Retail Space for Sale in Hamilton →All real estate in Hamilton →

Description

Seize the opportunity to acquire a standalone commercial building on a prominent corner site with excellent street exposure, multiple frontages, public transit access, and TOC1 zoning permitting a broad range of uses, including retail, restaurant, office, medical, daycare, hotel, and place of worship uses. Official Plan designation is Mixed Use Medium Density. (id:66096)

Property Details

MLS®: 40839580
Property Type: Retail
Zoning: TOC1
Parking: 34
Interior Size: 10,824 ft²
Lot Size: 25,700 sq ft (0.59 ac)
Frontage: 267 ft
Building Area: 10,824 ft²
Year Built: 1935
Storeys: 2
Basement: Full
Garage: Attached Garage
Ownership: Freehold
Property Tax: $32,899.5/yr
Listed: 142 days ago

Features

Foundation: Stone
Exterior: Stone, Aluminum siding
Lot Features: Southern exposure, Visual exposure, Paved driveway

Services

Water: Municipal water
Sewer: Municipal sewage system
Utilities: Natural Gas, Electricity, Telephone

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

142d

Hamilton listings, avg age

65d

Price / ft²

$194

List price

$2.10M

Haho

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Area context

Neighbourhood profile (L8M)

This home lists at $2,100,000, about 34.3× the local median household income of $61,200.

Carrying it typically needs a household income of about $410,204 (20% down, 25-yr amortization, stress-tested) — roughly 570% above the area median.

Median household income: $61,200
Population: 13,774
Median age: 38.4
Owner / renter: 40% / 60%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA L8M)

$2,100,000· $194/ft²

For sale

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Financing

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1309 KING Street, Hamilton - Retail for Sale