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$3,550,000
Hamilton
70 East King Street East, Hamilton (Stoney Creek), Ontario, L8G1K2
This office property in Hamilton is for sale offering roughly 8,000 sq ft of space.
Freestanding Medical Building for Sale, fully occupied with long term leases. Discover a rare opportunity to own a high-performing, fully tenanted medical building in the heart of Hamilton's Stoney Creek area. 70 King St E is an 8,000 sq ft, free-standing, purpose-built medical building with long-term healthcare tenants, excellent street exposure, and strong income performance. Strong Tenant Mix - Pharmacy, Family Medicine/Clinic, Cardio Clinic, Cardiac Lab, RMT, Chiropractic, Podiatry, Chiropody & much more. Stoney Creek's Historic Landmark is for Sale - Spent over $$$s to improve the building facade and interior to truly setup a medical centre/building. This medical building generates 7% plus cap rate and consistent income. Onsite parking at the rear of the building. Fully leased out with long term leases with strong revenue stream! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 100 days on market, against an average age of 54 days across the listings currently for sale in this city
This office in Hamilton (Stoney Creek) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $3,550,000, about 46.1× the local median household income of $77,000.
Carrying it typically needs a household income of about $693,439 (20% down, 25-yr amortization, stress-tested) — roughly 801% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8G)
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