232 King Street West, Hamilton (Central) - Retail for Sale
232 King Street West, Hamilton (Central), Ontario, L8P1A9
1,700 ft²1,700 sq ft lot sizeListed 33 days ago
Overview
This retail property in Hamilton is for sale offering roughly 1,700 sq ft of space. It has been on the market 33 days, fresher than the Hamilton average of 71 days.
The Ultimate Hamilton Hustle: Historical Charm Meets High-Yield Cash Flow. Looking for a turn-key asset that practically pays for itself from day one? Welcome to King Street West. This legally zoned, separately metered mixed-use duplex is serving pure historical character wrapped in completely modernized infrastructure. Pulling in $5,360.00 in combined monthly rent ($3,260.00 Commercial / $2,100.00 Residential), this is the definition of a smart, self-sustaining investment. Whether you want to sit back and collect the checks, live in the gorgeous upper loft while your main floor tenant covers the mortgage, or launch your own brick-and-mortar dream-the vibe here is unmatched. Ideally positioned next to Hess Village, upcoming McMaster student housing, and steps from Jackson Square and FirstOntario Centre with a fast two-minute drive to the 403. Completely renovated top-to-bottom, the building features a new roof, HVAC, skylight, eavestroughs, and an owned hot water tank. The main floor commercial space showcases soaring 12-foot tin ceilings, repointed exposed brick, new windows, electronic storefront locks, iron gating, and a rear bonus room with independent King Street access. Upstairs, a massive two-storey, one-bedroom residential loft easily convertible to two bedrooms boasts 10-foot ceilings, a spacious living area, a quartz kitchen, a private fenced patio, and secure parking via the rear alley. History, style, and serious revenue in one unbeatable package. Separately metered legal duplex. Note that the buyer is to verify HST allocation, and the commercial portion is in addition to the purchase price. (id:66096)
Property Details
MLS®
X13854734
Property Type
Retail
Zoning
D2
Interior Size
1,700 ft²
Lot Size
1,700 sq ft
Frontage
13 ft
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$7,225/yr
Listed
33 days ago
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
33d
Hamilton (Central) listings, avg age
71d
Price / ft²
$441
List price
$749K
Extended: 33 days on market, against an average age of 71 days across the listings currently for sale in this city
Market timing · days on market0 → 71d avg age of current listings
Extended · day 33
Haho
This retail in Hamilton (Central) has been listed for 33 days, which is 38 days fresher than the city average of 71. Act while there is still low competition.
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · GEOFF MALISA
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (L8P)
This home lists at $749,000, about 12.9× the local median household income of $58,000.
Carrying it typically needs a household income of about $146,306 (20% down, 25-yr amortization, stress-tested) — roughly 152% above the area median.
Median household income
$58,000
Population
24,773
Median age
38.8
Owner / renter
31% / 69%
Avg. household size
1.8
Source: Statistics Canada, 2021 Census (FSA L8P)
$749,000· $441/ft²
For sale
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Financing
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