Historic architecture in 470 King, Hamilton

Historic architecture in 470 King, Hamilton

Welcome to an exceptional investment opportunity with this remarkable property for sale in Hamilton (Strathcona). Nestled at the bustling intersection of King and Locke, this mixed-use gem offers a unique blend of commercial and residential spaces, perfect for savvy investors or entrepreneurs seeking to capitalize on the vibrant downtown atmosphere. Priced at $2,199,000, this property is not just a place to live and work; it’s a chance to be part of a thriving community poised for growth.

Unmatched Features and Amenities

This stunning property features four spacious residential units situated above a successful ground-floor commercial space currently occupied by Hamilton’s renowned steakhouse, Victorias. The main level boasts a generously sized dining area, an inviting private dining room, a chic bar area, and a fully equipped kitchen, complemented by four well-appointed bathrooms. With separate electricity meters for each unit, the property ensures convenience and efficiency for both tenants and owners.

Each residential unit is designed to maximize comfort and style, featuring bright and airy living spaces that are perfect for relaxing after a long day. Many of the kitchens are adorned with upgraded cabinetry and countertops, while the renovated bathrooms (completed in 2018) provide a modern touch to daily living. With amenities including forced air heating, natural gas, central air conditioning, and smoke detectors, you can rest assured that this property is equipped for contemporary living.

Prime Location and Community Benefits

Strategically located on the future LRT route, this property for sale in Hamilton (Strathcona) boasts unparalleled accessibility to public transit and major highways. Residents will enjoy the convenience of nearby parks, schools, and an array of shopping and dining options that make downtown living a delightful experience. The property’s high visibility ensures significant foot traffic, which is a boon for business owners looking to thrive in this dynamic neighborhood.

With a current net operating income (NOI) of $105,000 and a projected NOI of $115,000, this property represents a rare and valuable opportunity for those looking to expand their real estate portfolio. The well-maintained exterior, secure entry, and ample parking for both commercial and residential tenants further enhance the appeal of this investment. Whether you are an experienced investor or new to the market, this mixed-use property is a fantastic chance to secure your place in a growing community.

Don’t miss out on this incredible opportunity to own a prime mixed-use property in the heart of Hamilton (Strathcona). Schedule a viewing today and discover the potential that awaits you at 470 King St W!