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Last Updated : 38 Days ago
463-477 King Street E, Hamilton, ON, Landsdale
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463-477 King Street E, Hamilton MLS Number: 40698149

Landsdale, Hamilton, ON, L8N 1C7

$4,649,000

Status: For Sale

  • Area : 17800 sqft
  • Property Type: Commercial Sale (Mixed,Building and Land)
  • Property Taxes : $60972 (Tax Year:2024)
  • Listing Courtesy : Sotheby's International Realty Canada

463-477 King Street E Property Description

This exceptional investment is listed at over a 6% cap rate based on in-place cash flow with five commercial units vacant: imagine the upside! Additionally, a path has been identified for the conversion of main floor retail units to up to new 16 residential apartments - which would also make this property eligible for CMHC-backed financing! With over 142' of frontage on the future LRT route and a large 26-car parking lot behind it, this property occupies the majority of the city block, making it a strong future development opportunity as well. Extensively renovated, this property benefits from major facade updates including all-new retail glass, newer windows, roof, and high-efficiency boilers. The rear fire metal fire escape has also just been rebuilt at substantial cost. The existing residential units are all 2-bedroom units and one 3-bed unit. With high ceilings, large windows, updated kitchens and bathrooms, on-site parking, and generous floor plans, these huge apartments are very appealing to tenants. The commercial units are all around 1000 sq ft and benefit from soaring ceilings, basements, and roll-out access to the rear parking lot. Seller has a clean Phase I ESA from October 2023. This property has been priced to sell - the opportunity for a capable buyer is truly compelling.

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463-477 King Street E Property Facts

Property Type :Commercial Sale
MLS Number :40698149
Listing Type :Sale
Possession Date :
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Last Updated :13 Feb, 2025 (38 Days ago)
Source :Hamilton - Burlington
Area :Hamilton
City :Hamilton
Area Major :14 - Hamilton Centre
Area Minor :141 - Lansdale
Postal Code : L8N 1C7
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Directions :On the north side of King Street East between Victoria Ave N and Emerald St N

463-477 King Street E Property Price & Tax Insights

Price : $4,649,000
Property Taxes :$60972
Tax Year :2024

463-477 King Street E, Hamilton Property Details

Cross Street :Victoria Avenue North
Approx Square Footage :17800 sqft

463-477 King Street E, Hamilton - Price History

2025-02

12 Feb, 2025

TREB #40698149

Listed

$4,649,000

  • 0
  • 400k
  • 800k
  • 1.2M
  • 1.6M
  • 2M+
  • 0
  • 6
  • 12
  • 18
  • 24
  • 30+
  • 0
  • 6
  • 12
  • 18
  • 24
  • 30+
  • $23,556
  • $8,480,085
  • $3,831,085

463-477 King Street E - Location Map and Landmarks

  • Hamilton General, Hamilton 1.0 km
  • St. Joseph's Healthcare Hamilton - Charlton campus, Hamilton 1.38 km
  • McMaster University Medical Centre, Hamilton 1.59 km
  • Juravinski  and Cancer Centre, Hamilton 1.61 km
  • St. Peter's, Hamilton 1.72 km
  • St. Joseph's Healthcare Hamilton - West 5th campus, Hamilton 2.76 km
  • McMaster Children's, Hamilton 5.14 km
  • Joseph Brant, Halton 8.29 km
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FAQs: 463-477 King Street E, Hamilton

  • Q:What is the Area Size of the 463-477 King Street E In Sq.Ft and it's MLS No.?

    A: The project covers an area of approximately 17800 sq. ft and is strategically located in Hamilton. The MLS No of this project is 40698149 and the Project is located in ON, Canada
  • Q: Does this Project 463-477 King Street E available for Sale ?

    A: The project 463-477 King Street E is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 463-477 King Street E is Offering?

    A:Square Yards is giving a Cashback of $23,245 if you buy this property from us, however there are several key features offered by the 463-477 King Street E. You get 0+ Beds with Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Beds & Baths available in 463-477 King Street E, Hamilton?

    A: 463-477 King Street E, Hamilton comes with 0+ Beds for maximum convenience and space. There are baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Hamilton, On?

    A:Hamilton, ON is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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