249-255 King Street E Hamilton, ON L8N 1B9
8,852 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 8,852 sqft
Price per Sqft $254
MLS Listing ID 40818294
Abv Grd Liv Area 8,852
Annual Tax Amount $23,356
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Building and Land
Source Cornerstone
Property Description
Situated on a prominent corner at King St E and Ferguson Ave N, this fully tenanted asset offers a blend of stable residential income and high-exposure commercial frontage. The property features two ground-floor commercial units and six residential apartments (1- and 2-bedroom units). Fully leased at market rents with a favourable tenant structure, providing consistent cash flow from a diversified income base.
Located in a high-traffic, rapidly evolving corridor with excellent walkability and transit access, this is an ideal opportunity for investors seeking a stable, long-term asset in a prime urban location.
Location
Province ON
County Hamilton
Area 14 - Hamilton Centre
Zoning D2
Direction On the corner of King Street E and Ferguson Avenue N.
Rooms
Basement None
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 60.33
Lot Depth 100.0
Garage No
Building
Lot Description Rectangular, Business Centre, City Lot, High Traffic Area, Public Transit, Schools
Faces On the corner of King Street E and Ferguson Avenue N.
Story 3
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 171680112
Ownership Freehold/None
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