$799,000
Hamilton
428 King Street West, Hamilton (Strathcona), Ontario, L8P1B7
This retail property in Hamilton is for sale offering roughly 3,290 sq ft of space. It has been on the market 22 days, fresher than the Hamilton average of 77 days.
Welcome to 428 King Street West. A prime mixed-use investment opportunity in Hamilton's thriving Strathcona neighbourhood! Positioned on a prominent corner at King Street West and Pearl Street North, this exceptional property presents an exciting opportunity to invest in one of Hamilton's most sought-after and evolving urban neighbourhoods. Situated along the approved Hamilton LRT corridor, this high-visibility location combines immediate income potential with promising long-term growth and investment appeal. Offering approximately 3,290 sq. ft. of versatile space, the building features an impressive 1,728 sq. ft. ground-floor commercial unit, complete with expansive display windows, excellent street exposure, and a commanding corner presence. The second floor offers four residential rental accommodations, conveniently accessed through a separate entrance on Pearl Street North. These include a self-contained one-bedroom apartment and three individually rented rooms with a shared kitchen and bathroom. This income-generating property offers investors the advantage of established rental revenue from day one. Its Transit Oriented Corridor (TOC) zoning further enhances its appeal, accommodating a broad range of potential commercial uses, including medical, retail, and professional offices. The location is equally impressive. Just minutes from Highway 403, steps from public transit, and within walking distance of the vibrant shops, restaurants, and amenities of Locke Street and Hamilton's West End, the property offers exceptional accessibility and convenience for commercial and residential tenants alike. A rare opportunity to secure a prominent, mixed-use property in a high-profile location poised to benefit from Hamilton's continued growth and revitalization. Whether expanding an investment portfolio or seeking a strategically positioned income property, 428 King Street West delivers an outstanding combination of location, versatility, and long-term potential. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 22 days on market, against an average age of 77 days across the listings currently for sale in this city
This retail in Hamilton (Strathcona) has been listed for 22 days, which is 55 days fresher than the city average of 77. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $799,000, about 13.8× the local median household income of $58,000.
Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 169% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8P)
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