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$999,000Asking Price

462-464 King Street, Hamilton, ON L8P 1B7

Strathcona, Hamilton

Multiplex
9
Bedrooms
7
Baths
0
Parking
Days on Market

Fantastic Investment opportunity on one of Hamilton's fastest growing corridors. Potential rental income of $12,000/month (gross). This 7-unit, mixed use building has 5 residential apartments and 2 commercial retail units. 4 two bedroom units, 1 one bedroom unit, 2 ground floor retail units with excellent street exposure, and a highly visible rooftop billboard for additional potential income. Units are separately metered for hydro and have their own self-contained HVAC systems. Great value here with high income potential. Located along Hamilton's future LRT line, close to highway 403, and great amenities.

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Fantastic Investment opportunity on one of Hamilton's fastest growing corridors. Potential rental income of $12,000/month (gross). This 7-unit, mixed use building has 5 residential apartments and 2 commercial retail units. 4 two bedroom units, 1 one bedroom unit, 2 ground floor retail units with excellent street exposure, and a highly visible rooftop billboard for additional potential income. Units are separately metered for hydro and have their own self-contained HVAC systems. Great value here with high income potential. Located along Hamilton's future LRT line, close to highway 403, and great amenities.

Key Info

  • 3-Storey Multiplex
  • No Parking
  • No Garage
  • Locke St N
  • 2500-3000 Approximate Sq Feet
  • No Ensuite Laundry
  • Forced Air Gas Heating
  • No A/C

Property

  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
  • Taxes were $9,166 in 2024

Details

  • Brick Exterior
  • No Fireplace
  • 5 Kitchens
  •  
  • MLS #X12071897
  • AREA REALTY INC.

Extras

Room Floor Dimensions Details
Washroom7 3-Piece Bathrooms

Who lives here?

Strathcona, Hamilton is a west GTA neighbourhood notable for its singles, renters, university grads and education, law & public sector professionals. It has a higher than average population of immigrants. Residents tend to be younger with a significant number of adults aged 25 to 44.

Families

Kids Per Family

1.1

kids per family
in the neighbourhood.

Hamilton  (1.2)

Singles

60% of residents are
single and loving it.

60% singles

Hamilton (46%)

Renters

59% of residents
are renters.

59% renters

Hamilton (32%)

Education

36% of residents are
university grads.

36% university grads

Hamilton (28%)

Income

Average Household Income

$71K

is the average household
income in the neighbourhood.

Hamilton  ($106K)

Professions

Professions

Sales 13%
Government 9%
Business 8%
Trades 6%
Management 5%

Immigrants

33% of residents were
born outside of Canada.

33% immigrants

Hamilton (25%)

Birthplace - All

Vietnam was once home to 2.3% of immigrants.
UK 2.3%
Somalia 1.9%
Syria 1.6%
Philippines 1.6%

2.3% from Vietnam
All-time

Birthplace - Recent

Syria was once home to 0.4% of immigrants.
Philippines 0.3%
China 0.3%
Central Africa 0.2%
Somalia 0.2%

0.4% from Syria
Recent

Foreign Languages

Foreign Languages

Arabic 3%
Portuguese 3%
Somali 3%
Vietnamese 2%
French 2%

Religions

Religions

Christian 55%
Muslim 9%
Buddhist 3%
Sikh 1%