ON > Hamilton > Landsdale
Hamilton, ON L8N 1C7,477 King ST E
Hamilton, ON L8N 1C7,477 King ST E
Hamilton, ON L8N 1C7,477 King ST E
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$3,999,999
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477 King ST E Hamilton, ON L8N 1C7

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Subdivision Landsdale

MLS Listing ID X12490140

Annual Tax Amount $94,575

Tax Year 2025

Property Sub-Type Commercial Retail

Property Description

Prime Investment with Huge Upside! This property already delivers an impressive 6.34% cap rate on in-place income - and that's without counting the five vacant commercial units. Active negotiations on three of those spaces are underway, pushing projected returns to 7.5%+ once leased. The upside here is undeniable. Positioned with over 142 feet of frontage along the future LRT route, and backed by a 26-car parking lot spanning nearly an entire city block, this asset combines strong income performance with outstanding redevelopment potential. Extensively renovated, it showcases a refreshed façade with new retail glass, newer windows and roof, high-efficiency boilers, and a fully rebuilt metal fire escape - representing major capital work already completed. The residential suites feature spacious two-bedroom layouts plus one three-bedroom, all with high ceilings, large windows, updated kitchens and baths, on-site parking, and generous floor plans that consistently attract quality tenants. The commercial spaces (approx. 1,000 sq. ft. each) boast soaring ceilings, full basements, and direct roll-out access to the rear lot - ideal for a wide variety of uses. A recent clean Phase I Environmental Study is on hand. Aggressively priced to sell, this is a rare opportunity for a savvy investor or developer seeking strong cash flow today, tremendous upside tomorrow, and unbeatable positioning along a rapidly evolving urban corridor.

Location

Province ON

County Hamilton

Community Landsdale

Area Hamilton

Interior

Heating Yes

Cooling Partial

Exterior

Community Features Public Transit

Utilities Available Yes

Lot Frontage 143.0

Lot Depth 125.0

Others

Security Features No

ParcelsYN No

Listed by Corcoran Horizon Realty
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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