Investors, don’t miss this turn-key, fully leased mixed-use building generating a solid income with a gross yearly income of $54,000 and approximately $43,000 in net income. Tenants cover all utilities, making this a low-maintenance investment, with the seller only responsible for property taxes, insurance and water heater. The property features a leased storefront on the ground floor, along with a spacious, updated 3-bedroom residential unit upstairs. Over the past 10 years, the building has seen improvements, including a new roof, windows, furnace, and a complete renovation of the upstairs unit. Additionally, there’s parking for five + vehicles, with spots located at both the rear and side of the building, plus a full basement offering extra storage or potential future use. This is an excellent opportunity for investors looking for a property with minimal upkeep and strong rental income. Buyers and agents are advised to verify zoning and room sizes independently. For further details or to schedule a viewing, please contact the listing agent. (id:4069)
Address
979 KING Street E
List Price
$799,900
Property Type
Office
Area
Ontario
Sub-Area
Hamilton
Floor Area
2,200 Sq. Ft.
MLS® Number
40666604
Listing Brokerage
RE/MAX Escarpment Realty Inc.
Basement Area
Partial
Postal Code
L8M1C3
Zoning
TOC3
