$8,285,000
FOR SALE

Investment

Lot: 120 x 128.42 ftTotal Area: 26,436 ft2
2023 Taxes: $70,037

540 King St E
Hamilton, ON L8N 1E2 | Landsdale

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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Listed By SOTHEBY`S INTERNATIONAL REALTY CANADA
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8271812
Last Updated May 03, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - Over 20 Units
Category Apartment
PIN 171800170
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $70,037
Tax Type Annual
Directions/Cross Streets Tisdale St. S. & King St. E.
Neighbourhood Landsdale
Area Hamilton
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 120 x 128.42 ft
Total Area 26,436 ft2
Elevator None
Air Conditioning Y
Basement Y
Garage Type None
Heat Type Elec Forced Air
Financial Statement Y
Expenses Actual/Estimated Act
Area Influences Public Transit
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning TOC1
Seller Property Info Statement N

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