470 King ST W Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8P 1B7
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Subdivision Strathcona
MLS Listing ID X12002893
Style 2-Storey
Bedrooms 4
Annual Tax Amount $24,000
Tax Year 2024
Property Sub-Type Store W Apt/Office
Property Description
This exceptional mixed-use property is located on the future LRT, offers both commercial and residential opportunities in a prime downtown location. Situated at the corner of King and Locke, the building includes a ground-floor commercial space currently home to Hamilton's renowned steakhouse, Victorias, as well as four spacious residential units above with separate meters. The main-level commercial space features a spacious dining area, private dining room, bar area, a fully equipped kitchen, and four bathrooms. Its central location ensures high visibility and significant foot traffic. The residential units provide bright and airy living spaces, with kitchens boasting upgraded cabinetry and countertops in most, and renovated bathrooms (2018). The property's strategic location offers easy access to Hamilton's vibrant downtown, public transit, and major highways. Residents will enjoy proximity to local parks, schools, shopping, and dining, while business owners will benefit from the thriving community and ongoing urban development. Additional amenities include parking for both commercial and residential tenants, a well-maintained exterior, and secure entry. Whether you are looking to expand your real estate portfolio or invest in a property with diverse income potential, 470 King St W presents a rare and valuable opportunity. Current NOI of $105k Projected NOI of $115k
Location
Province ON
County Hamilton
Community Strathcona
Area Hamilton
Rooms
Family Room No
Basement Partially Finished,Unfinished
Kitchen 5
Interior
Interior Features Separate Hydro Meter
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Waterfront Description None
Roof Type Shingles,Asphalt Shingle,Asphalt Rolled
Lot Frontage 66.0
Lot Depth 93.67
Total Parking Spaces 5
Building
Foundation Concrete Block,Poured Concrete,Unknown
Others
Security Features Carbon Monoxide Detectors,Smoke Detector