About 413 - 415 King Street W
An exceptional opportunity to acquire a well-maintained 18-unit income-producing property in one of Hamilton's rapidly evolving downtown corridors. The building comprises 14 shared accommodation units and 4 bachelor suites, generating over $148,000 in annual gross income with additional upside through future rent growth and operational optimization.Professionally managed and extensively updated, the property features numerous capital improvements, including updated electrical, plumbing, windows, water services, high-efficiency furnaces, upgraded fire safety systems, secure coded entry, high-speed fibre internet, and low-maintenance exterior finishes. Established maintenance and service relationships provide a smooth transition for new ownership.Ideally located on major HSR and GO Transit routes, the property is minutes from Hess Village, Locke Street, Jackson Square, hospitals, parks, restaurants, retail amenities, and Hamilton's downtown core. Its central location supports strong, consistent demand from students, healthcare professionals, and working residents.The surrounding area continues to benefit from significant public and private investment, including new residential developments, hotels, educational facilities, commercial projects, and ongoing downtown revitalization initiatives. The property's proximity to the proposed LRT corridor further strengthens its long-term growth potential.Nearby institutions include McMaster University, Mohawk College, Columbia International College, Brock University's downtown campus, and several healthcare and continuing education facilities, providing access to a deep and stable tenant pool.Offering immediate cash flow, value-add potential, and long-term appreciation prospects, this is a compelling opportunity for investors seeking a strategic asset in a high-growth urban market. Vendor Take-Back (VTB) or private financing may be available for qualified purchasers. (id:6289)
More Info on this Strathcona MLS® listing
413 - 415 King Street W is a listing for sale in Hamilton (Strathcona). The MLS® number is X13450158. It covers 5,300 square feet. It's currently listed for $1,499,999. For more details on MLS® X13450158, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This listing in Strathcona is available now!
Selling your Strathcona property?
Have a similar home to 413 - 415 King Street W? If you’re thinking about selling your Strathcona property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Hamilton (Strathcona) property.
