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Last Updated : 675 Days ago
540 King St E, Hamilton, Ontario, Landsdale

540 King St E, Hamilton MLS Number: X8271812

Landsdale, Hamilton, ON, L8N 1E2

$8,285,000

Status: OFF MARKET

  • Property Type: Commercial (Investment)
  • Property Taxes : $70037.00 (Tax Year:2023)
  • Listing Courtesy : Sotheby`s International Realty Canada

540 King St E Property Description

Rare and spectacular investment opportunity offered at a true 6.7% cap rate and only $230k per unit! This fully-rebuilt property is comprised of 36 beautiful apartments (24 X 1-bed, 12 X 2-bed) in two buildings. All units are separately metered for hydro and water, so the landlord pays nothing but house hydro! Completely rebuilt with permits in the last 5 years, this low-maintenance property boasts new plumbing, electrical, HVAC, kitchens, bathrooms, windows, fire and security systems, roof, and more! No elevators, parking lots, or balconies to worry about. Just enjoy the incredible cashflow and strong appreciation. Further upside may be realized by renting the new storage lockers to tenants. Situated on the future LRT transit route, this beautiful property is close to everything. Full data room is available for easy diligence - including a recent clean Phase 1 Environmental. This fully-leased property is being offered at this price for a very limited time for a quick sale. This will sell quickly - it is the best value on the market today!

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540 King St E Property Facts

Property Type :Commercial
MLS Number :X8271812
Listing Type :Sale
Possession Date :
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Last Updated :23 May, 2024 (675 Days ago)
Source :TRREB
Area :Hamilton
Postal Code : L8N 1E2
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540 King St E Property Price & Tax Insights

Price : $8,285,000
Property Taxes :$70037.00
Tax Year :2023

540 King St E, Hamilton Property Details

Cross Street :Tisdale St. S. & King St. E.

540 King St E, Hamilton - Price History

2024-04

25 Apr, 2024

TREB #X8271812

Available

$8285000.0

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540 King St E - Location Map and Landmarks

  • Hamilton General, Hamilton 1.09 km
  • Juravinski  and Cancer Centre, Hamilton 1.46 km
  • St. Peter's, Hamilton 1.5 km
  • St. Joseph's Healthcare Hamilton - Charlton campus, Hamilton 1.56 km
  • McMaster University Medical Centre, Hamilton 1.82 km
  • St. Joseph's Healthcare Hamilton - West 5th campus, Hamilton 2.91 km
  • McMaster Children's, Hamilton 5.36 km
  • Joseph Brant, Halton 8.24 km
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