$1,499,000Asking Price
251 King Street, Hamilton, ON L8G 1L9
Stoney Creek, Hamilton
The multi-plex opportunity you were looking for is right here with a 6.8% cap rate! This unique property offers incredible versatility, featuring three separate units and many possibilities. Situated on a 79ft by 224ft lot, there are two separate residences plus a storage building. The upper-level of the main bungalow was renovated approximately 10 years ago. The open concept main floor has 4 bedrooms and 2 bath, the lower level is a newly renovated separate apartment with separate entrance, new kitchen, flooring, bathroom, and more. The two levels are currently rented together. Behind the main home is a separate two-bedroom coach house with separate address, completely renovated with new kitchen, windows, flooring, and bathroom. So much to offer with 2 owned ACs and furnaces, 3 sets of washers and dryers, 2 hydro, 2 gas, and 2 water meters. Plus, the added onsite storage with an oversized garden shed. All units are permitted and legal with separate entrances, kitchens, laundry, and parking. They offer completely separate living spaces great for multi-generational families, a pure investor, or an owner-occupied property with built-in onsite income.
The multi-plex opportunity you were looking for is right here with a 6.8% cap rate! This unique property offers incredible versatility, featuring three separate units and many possibilities. Situated on a 79ft by 224ft lot, there are two separate residences plus a storage building. The upper-level of the main bungalow was renovated approximately 10 years ago. The open concept main floor has 4 bedrooms and 2 bath, the lower level is a newly renovated separate apartment with separate entrance, new kitchen, flooring, bathroom, and more. The two levels are currently rented together. Behind the main home is a separate two-bedroom coach house with separate address, completely renovated with new kitchen, windows, flooring, and bathroom. So much to offer with 2 owned ACs and furnaces, 3 sets of washers and dryers, 2 hydro, 2 gas, and 2 water meters. Plus, the added onsite storage with an oversized garden shed. All units are permitted and legal with separate entrances, kitchens, laundry, and parking. They offer completely separate living spaces great for multi-generational families, a pure investor, or an owner-occupied property with built-in onsite income.
See MoreKey Info
- Bungalow Other
- 15-Car Driveway
- No Garage
- Grenn Rd
- 1100-1500 Approximate Sq Feet
- 51-99 Years Approximate Age
- Basement Apartment
- 2 + 1 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 78.6 x 246.21 Feet
- < .50 Acreage
- Aluminum Siding Exterior
- Taxes were $7,479 in 2024
- Possession: 30-59 days
Details
- No Fireplace
- Family Room
- Sewers
- Municipal Water
- MLS #X11991826
- ROYAL LEPAGE STATE REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 13.85' x 10.17' | |
 | 1 4-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom | |||
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Who lives here?
Stoney Creek, Hamilton is a west GTA neighbourhood notable for its business professionals and tradespeople. It has a higher than average population of immigrants, and Italian speakers. Residents tend to be older with a significant number of adults aged 50 to 64 and seniors aged 65 to 74.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Singles
43%
of residents are
single and loving it.
43% singles
Hamilton (46%)Renters
23%
of residents
are renters.
23% renters
Hamilton (32%)Education
23%
of residents are
university grads.
23% university grads
Hamilton (28%)Income
Average Household Income
$107K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 14% |
| Trades | 11% |
| Business | 9% |
| Government | 6% |
| Management | 5% |
Immigrants
30%
of residents were
born outside of Canada.
30% immigrants
Hamilton (25%)Birthplace - All
4.9% from Italy
All-time
Birthplace - Recent
0.6% from India
Recent
Foreign Languages
Foreign Languages
| Italian | 7% |
| Croatian | 4% |
| Serbian | 4% |
| Punjabi | 3% |
| Polish | 2% |
Religions
Religions
| Christian | 74% |
| Sikh | 4% |
| Muslim | 4% |
| Hindu | 1% |
| Buddhist | 1% |
