$1,999,000Asking Price
This exceptional mixed-use property is located on the future LRT, offers both commercial and residential opportunities in a prime downtown location. Situated at the corner of King and Locke, the building includes a ground-floor commercial space currently home to Hamilton's renowned steakhouse, Victorias, as well as four spacious residential units above with separate meters. The main-level commercial space features a spacious dining area, private dining room, bar area, a fully equipped kitchen, and four bathrooms. Its central location ensures high visibility and significant foot traffic. The residential units provide bright and airy living spaces, with kitchens boasting upgraded cabinetry and countertops in most, and renovated bathrooms (2018). The property's strategic location offers easy access to Hamilton's vibrant downtown, public transit, and major highways. Residents will enjoy proximity to local parks, schools, shopping, and dining, while business owners will benefit from the thriving community and ongoing urban development. Additional amenities include parking for both commercial and residential tenants, a well-maintained exterior, and secure entry. Whether you are looking to expand your real estate portfolio or invest in a property with diverse income potential, 470 King St W presents a rare and valuable opportunity. Current NOI of $105k Projected NOI of $115k
This exceptional mixed-use property is located on the future LRT, offers both commercial and residential opportunities in a prime downtown location. Situated at the corner of King and Locke, the building includes a ground-floor commercial space currently home to Hamilton's renowned steakhouse, Victorias, as well as four spacious residential units above with separate meters. The main-level commercial space features a spacious dining area, private dining room, bar area, a fully equipped kitchen, and four bathrooms. Its central location ensures high visibility and significant foot traffic. The residential units provide bright and airy living spaces, with kitchens boasting upgraded cabinetry and countertops in most, and renovated bathrooms (2018). The property's strategic location offers easy access to Hamilton's vibrant downtown, public transit, and major highways. Residents will enjoy proximity to local parks, schools, shopping, and dining, while business owners will benefit from the thriving community and ongoing urban development. Additional amenities include parking for both commercial and residential tenants, a well-maintained exterior, and secure entry. Whether you are looking to expand your real estate portfolio or invest in a property with diverse income potential, 470 King St W presents a rare and valuable opportunity. Current NOI of $105k Projected NOI of $115k
See MoreRoom | Floor | Dimensions | Details | |
---|---|---|---|---|
4 3-Piece Bathrooms | ||||
3 2-Piece Bathrooms on Ground Floor |
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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.
Kids Per Family
1.1
kids per family
in the neighbourhood.
60%
of residents are
single and loving it.
60% singles
Hamilton (46%)
59%
of residents
are renters.
59% renters
Hamilton (32%)
36%
of residents are
university grads.
36% university grads
Hamilton (28%)Average Household Income
$71K
is the average household
income in the neighbourhood.
Professions
Sales | 13% |
Government | 9% |
Business | 8% |
Trades | 6% |
Management | 5% |
33%
of residents were
born outside of Canada.
33% immigrants
Hamilton (25%)2.3% from Vietnam
All-time
0.4% from Syria
Recent
Foreign Languages
Arabic | 3% |
Portuguese | 3% |
Somali | 3% |
Vietnamese | 2% |
French | 2% |
Religions
Christian | 55% |
Muslim | 9% |
Buddhist | 3% |
Sikh | 1% |