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:51158)
MLS: 40666604 For sale : 979 KING Street E 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:51158)
| MLS® Number | 40666604 |
| Property Type | Office |
| Community Features | High Traffic Area |
| Parking Space Total | 5 |
| Basement Type | Partial |
| Exterior Finish | Aluminum Siding, Brick |
| Stories Total | 2 |
| Size Exterior | 2200.0000 |
| Size Interior | 2200 Sqft |
| Utility Water | Municipal Water |
| Access Type | Road Access |
| Acreage | No |
| Size Depth | 91 Ft |
| Size Frontage | 18 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Toc3 |
https://www.realtor.ca/real-estate/27566408/979-king-street-e-hamilton
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Toronto, Mississauga, Georgetown, Milton, Acton, Guelph & Rockwood
Tony Sousa | 416-477-2620 | tony@sousasells.ca
I’m on a Mission to raise $10,000 for the Canadian Cancer Society. Losing my mom to Breast Cancer, I’ve made it my mission to help where I can. I do this by donating a portion of my income from home sales to the Canadian Cancer Society in honour of our buyer or seller and friend or family member who referred them. Who do you know that is considering buying or selling a home that you could refer? You can rest assure that not only will they get the award-winning service, but that a portion of the income we receive from the transaction will go toward a very worthy cause.
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