ON > Hamilton > Gibson
Hamilton, ON L8M 1G8,1256 KING ST E
Hamilton, ON L8M 1G8,1256 KING ST E
Hamilton, ON L8M 1G8,1256 KING ST E
Hamilton, ON L8M 1G8,1256 KING ST E
Hamilton, ON L8M 1G8,1256 KING ST E
Hamilton, ON L8M 1G8,1256 KING ST E
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Fawad Nissari

Fawad Nissari

+1(416) 878-1085
$ 1,250,000
Est. payment | /mo

3,593 SqFt

Save
$ 1,250,000
Est. payment | /mo
Save

3,593 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 3,593 sqft

Price per Sqft $347

Subdivision Gibson

MLS Listing ID X11957913

Annual Tax Amount $10,603

Tax Year 2024

Property Sub-Type Commercial Retail

Property Description

Attention Investors! Looking for an excellent location that provides a healthy return on investment? You've found it! This recently updated and super well maintained mixed use building with 2 residential and 1 commercial unit is truly a remarkable find. The building is located on the proposed LRT route with multiple future transit stops within close proximity, literally! Being on the corner lot of King St E, the property is exposed to high traffic and a great amount of pedestrians passing by. About the building: Unit 1(Convenience store: Currently Leased for $2500+HST monthly with rent increasing to $2700+HST in July 2025, Approx. 1600 sq ft, desirable lease that is favourable to the Landlord is in place), Unit 2(Residential unit: Rented for $2600 + Utilities, 3 beds, 2 bathrooms, Approx. 1000 sq ft, unit has been fully renovated w/lots of upgrades), Unit 3(Residential unit: Vacant, but currently listed for $2400 + utilities, 3 beds, 1 bath, Approx. 890 SqFt unit has been fully renovated w/lots of upgrades), POTENTIAL for a 4TH UNIT in basement! All units have their own separate entrance. In addition, there is separate Hydro/Gas meters in place for the units. The Electrical room has been nicely organized and updated with 800 AMP services for the building! Parking for more than 5+cars. Landlord only pays for Property Tax, Property Insurance & Water Heater Rental. Super low cost to operate the building as the Retail Tenant maintains the property (Snow, Garbage removal, & more).

Location

Province ON

County Hamilton

Community Gibson

Area Hamilton

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 62.41

Lot Depth 117.66

Others

Security Features No

Listed by KELLER WILLIAMS COMPLETE REALTY
agent-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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