$2,300,000
Hamilton
72 King Street East, Hamilton (Dundas), Ontario, L9H1C2
This retail property in Hamilton is for sale offering roughly 7,456 sq ft of space. It has been on the market 16 days, fresher than the Hamilton average of 66 days.
Opportunity knocks in the heart of Dundas with this fully occupied, two-storey mixed-use building at the southeast corner of King Street East and Cootes Drive. Offering 7,456 sq ft across six units on a 0.20-acre corner lot with 146 feet of frontage, this well-maintained property delivers a diversified income stream from both commercial and residential tenants, plus 6 on-site parking spaces, a true rarity on this stretch of King Street.The main floor features two commercial spaces totalling 3,757 sq ft: an established quick serve restaurant occupying 1,874 sq ft, purpose-built for restaurant use, and a separate freestanding retail store occupying 1,883 sq ft. Upstairs, four residential units totalling 3,699 sq ft include two 1-bedroom lofts, a 2-bedroom unit and a studio, each with its own washroom.The numbers speak for themselves. The property generates a top line income of $12,768 per month, or $153,216 per year. Even better, the upside is built in. All existing tenancies are month to month, giving a new owner the flexibility to reposition rents toward market levels.The building has been thoughtfully cared for, with LED and pot lighting and renovations completed in 2020. C5 zoning, steady foot traffic from the surrounding residential neighbourhood, transit at the door and easy access to Highway 403 round out a compelling package.Whether you are an investor seeking stable cash flow with growth potential or an owner-operator looking to run your business while your tenants help pay the mortgage, 72 King Street East is an opportunity worth a closer look. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 16 days on market, against an average age of 66 days across the listings currently for sale in this city
This retail in Hamilton (Dundas) has been listed for 16 days, which is 50 days fresher than the city average of 66. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,300,000, about 21.7× the local median household income of $106,000.
Carrying it typically needs a household income of about $449,271 (20% down, 25-yr amortization, stress-tested) — roughly 324% above the area median.
Source: Statistics Canada, 2021 Census (FSA L9H)
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