413 - 415 King Street W,Hamilton (Strathcona), ON L8P1B5
Hamilton (Strathcona), ON L8P1B5
Description
An exceptional opportunity to acquire a well-maintained 18-unit income-producing property in one of Hamilton's rapidly evolving downtown corridors. The building comprises 14 shared accommodation units and 4 bachelor suites, generating over $148,000 in annual gross income with additional upside through future rent growth and operational optimization.Professionally managed and extensively updated, the property features numerous capital improvements, including updated electrical, plumbing, windows, water services, high-efficiency furnaces, upgraded fire safety systems, secure coded entry, high-speed fibre internet, and low-maintenance exterior finishes. Established maintenance and service relationships provide a smooth transition for new ownership.Ideally located on major HSR and GO Transit routes, the property is minutes from Hess Village, Locke Street, Jackson Square, hospitals, parks, restaurants, retail amenities, and Hamilton's downtown core. Its central location supports strong, consistent demand from students, healthcare professionals, and working residents.The surrounding area continues to benefit from significant public and private investment, including new residential developments, hotels, educational facilities, commercial projects, and ongoing downtown revitalization initiatives. The property's proximity to the proposed LRT corridor further strengthens its long-term growth potential.Nearby institutions include McMaster University, Mohawk College, Columbia International College, Brock University's downtown campus, and several healthcare and continuing education facilities, providing access to a deep and stable tenant pool.Offering immediate cash flow, value-add potential, and long-term appreciation prospects, this is a compelling opportunity for investors seeking a strategic asset in a high-growth urban market. Vendor Take-Back (VTB) or private financing may be available for qualified purchasers. (id:13843)
Details
| MLS # | X13450158 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 141 |
| Listing Provided By | EXP REALTY | ROBERT JENDRZEJCZAK |
Features
| SQ Feet | 5,300 |
|---|---|
| Zoning | TOC1 |
| Acreage | 6490.63 |
Interior
| Cooling | None |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Microwave, Window Coverings, Water Heater |
| Fireplace Yes / No | No |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 8875 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| City | Hamilton (Strathcona) |
| Postal Code | L8P1B5 |
| Listing VS Median (in L8P1B5) | |
Price: $1,499,999 low | high Med: $769,900 sqft: 5,300 low | high Med: 3,673 $ / sqft: $283 low | high Med: $210 On site: 141 low | high Med: 247 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Hamilton (Strathcona) |
| Postal Code | L8P1B5 |
| Listing VS Median (in L8P1B5) | |
Price: $1,499,999 low | high Med: $769,900 sqft: 5,300 low | high Med: 3,673 $ / sqft: $283 low | high Med: $210 On site: 141 low | high Med: 247 | |
