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1256 King Street E, Hamilton, ON, L8M 1G8

MLS® # 40694402
Investment For Sale In Crown Point West, Hamilton, Ontario
$1,250,000
1256 King Street E, Hamilton, ON
1256 King Street E, Hamilton, ON
1256 King Street E, Hamilton, ON
1256 King Street E, Hamilton, ON
1256 King Street E, Hamilton, ON
1256 King Street E, Hamilton, ON

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1256 King Street E, Hamilton, ON, L8M 1G8
$1,250,000

Property Information:

Attention Investors! Looking for an excellent location that provides a healthyreturn on investment? You've found it! This recently updated and super wellmaintained mixed use building with 2 residential and 1 commercial unit is truly aremarkable find. The building is located on the proposed LRT route with multiplefuture transit stops within close proximity, literally! Being on the corner lot ofKing St E, the property is exposed to high traffic and a great amount ofpedestrians passing by. About the building: Unit 1(Convenience store: CurrentlyLeased 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 inplace), Unit 2(Residential unit: Rented for $2600 + Utilities, 3 beds, 2bathrooms, Approx. 1000SqFt, unit has been fully renovated w/lots of upgrades),Unit 3(Residential unit: Vacant, but currently listed for $2400 + utilities, 3beds, 1 bath, Approx. 890SqFt, unit has been fully renovated w/lots of upgrades),POTENTIAL for a 4TH UNIT in basement! All units have their own separate entrances.In addition, there are separate Hydro/Gas meters in place for the units. TheElectrical room has been nicely organized and updated with 800 AMP service for thebuilding! Parking for more than 5+cars. Landlord only pays for Property Tax,Property Insurance & Water Heater Rental. Super low cost to operate the buildingas the Retail Tenant maintains the property (Snow, Garbage removal, & more).

Inclusions: Other,Unit 1: Dishwasher, Stove, Fridge, Washer & Dryer, Range Hood. Unit 2: Stove, Fridge, Range Hood.

Exclusions : Tenant Belongings In Both Residential Units, Tenant Belongings In Convenience Store

Building Features:

  • Floor Space: 3593 Square Feet

Property Features:

  • Bedrooms: 3
  • Acres Range: < 0.5
  • Basement: Walk-Up Access, Full, Unfinished
  • Construction Materials: Brick
  • Cooling: Central Air, Other
  • Driveway Parking: Front Yard Parking, Outside/Surface/Open, Private Drive Double Wide, Visitor Parking
  • Floor Space (approx): 3593 Square Feet
  • Heating: Forced Air, Natural Gas, Other
  • Interior Features: Separate Hydro Meters
  • Laundry Features: In-Suite
  • Lot Depth: 117.66 Feet
  • Lot Features: Irregular Lot, Ample Parking, High Traffic Area, Highway Access, Hospital, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, Schools, Shopping Nearby
  • Lot Frontage: 62.41 Feet
  • Road Frontage Type: Municipal Road
  • Roof: Asphalt
  • Water Source: Municipal
  • Zoning: TOC1
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 6

Courtesy of: Keller Williams Complete Realty

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

Location of 1256 King Street E, Hamilton, ON, L8M 1G8

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

30 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: Moderate

30 hot days expected in 2050

48/100

Moderate

ClimateCheck®

Current data

This property, 1256 King Street E, experiences 7 hot days per year at around 31.8 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 30 hot days at 35.4 degrees Celsius.

Projected Avg. Temperature

Past
31.8℃
2050
35.4℃

# Hot Days Per Year

Past
7
2050
30

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

13 storms expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 1256 King Street E, experiences 11 significant 2-day storms per year, with about 306.8mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 380.3mm of precipitation per year.

Precipitation Per Storm

Past
306.8mm
2050
380.3mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 1256 King Street E, Hamilton, ON, L8M 1G8

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$98,038.55

Average Number of Children

1.67

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.41 %

High school certificate or equivalent

34.26 %

Apprenticeship trade certificate/diploma

6.33 %

College/non-university certificate

23.43 %

University certificate (below bachelor)

0.2 %

University Degree

15.36 %

Commuter

Travel To Work

By Car

78.28 %

By Public Transit

12.98 %

By Walking

5.54 %

By Bicycle

0.92 %

By Other Methods

2.28 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

17.62 %

Houses

82.38 %

Own Vs. Rent