2342 King Street E
Glenview
Hamilton
L8K 1X7
$1,300,000 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- X11996786
- Photos (11)
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Client RemarksPrime value-add opportunity! This 8-unit apartment building offers tremendous upside, with the potential to add a 9th unit for increased cash flow. With 3 vacant units, this property presents immediate potential to set market rents and optimize tenant mix. Each unit is separately metered for hydro, giving you flexibility to minimize expenses. The property features 8 outdoor parking spaces to enhance tenant convenience. With strategic upgrades and management, this property can be brought to its full potential in a high-demand rental market. A rare opportunity to create substantial value.
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Total Area:
- 6953 sq. ft. Square Feet
- Total Area:
- 6,953.48 sq. ft.646 m2
- Depth:
- 125'38.1 m
- Frontage:
- 47'14.3 m
- Bathrooms:
- 8.0
- Water supply:
- Municipal
- Zoning:
- H, E-2
- Heating type:
- Gas Hot Water
- Garage:
- None
- Possession Details:
- Flex
- HST Applicable To Sale Price:
- Included In
- Type Taxes:
- Annual
- Taxes:
- $16,476 / 2024
- Assessment:
- $- / -
- Hamilton
- Glenview
- Hamilton
- 1 Gas Hot Water Tank, 1 Washer, 1 Dryer
- 8 Fridges, 8 Stoves,
- Tenant Belongings.
- Utilities:
- Available
- Green Property Information Statement:
- Yes
- Air Conditioning:
- Partial
- Seller Property Info Statement:
- No
- Gross income:
- $136,836
- Expenses Actual/Estimated:
- Estimated
- Heating Expenses:
- $6,007
- Hydro Expenses:
- $984
- Insurance Expenses:
- $6,448
- Tax Expenses:
- $16,476
- Water Expenses:
- $17,972
- Year Expenses:
- 62578
- Category:
- Apartment
- Date Listed:
- Mar 03, 2025
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Listed by MYSAK REALTY INC.
Data was last updated March 3, 2025 at 08:15 PM (UTC)
- ANDREW JOHN COCKS
- COCKS INTERNATIONAL REALTY INC., BROKERAGE
- 1-705-380-3166
- info@cocksrealty.ca
- LAURA BLAKEY
- COCKS INTERNATIONAL REALTY INC., BROKERAGE
- 705-349-8060
- laura@cocksrealty.ca
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