Active

540 KING Street E

Hamilton Ontario, L8N1E2

$8,285,000


$313.40 per sqft

Active

48 Beds

36 Baths

26,436 sqft

Residential

 Courtesy of Sotheby's International Realty Canada, Brokerage 

Rare and spectacular investment opportunity offered at a 6.7% cap rate and only $230k per unit! This fully-rebuilt property is comprised of 36 beautiful apartments (24 X 1-bed, 12 X 2-bed) in two buildings. All units are separately metered for hydro and water, so the landlord pays nothing but house hydro! Completely rebuilt with permits in the last 5 years, this low-maintenance property boasts new plumbing, electrical, HVAC, kitchens, bathrooms, windows, fire and security systems, roof, and more! No elevators, parking lots, or balconies to worry about. Just enjoy the incredible cashflow and strong appreciation. Further upside may be realized by renting the new storage lockers to tenants. Situated on the future LRT transit route, this beautiful property is close to everything. Full data room is available for easy diligence - including a recent clean Phase 1 Environmental. This fully-leased property is being offered at this price for a very limited time for a quick sale. This will sell quickly - it is the best value on the market today! (id:41202)

40577645

MLS ID

April 25, 2024

Listed

May 9, 2024

Updated

Map

540 KING Street E
Hamilton Ontario, L8N1E2

Interior Features

Total Stories

3


Bedrooms

48


Total Bathrooms

36


Fireplace

No


Cooling

Yes


Cooling Description

Ductless


Heating

Yes


Heating Description

Heat Pump

Exterior/Building Features

Lot Size

0.33 Acres


Sewer

Municipal sewage system

Other Property Details

Garage

No


View

No


Pool

No

Courtesy of Sotheby's International Realty Canada, Brokerage, Martinus Geleynse,
Listing Contact: (905) 537-4819 

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