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$2,299,000Asking Price

835 King Street, Hamilton, ON L8M 1B1

Gibson, Hamilton

Multiplex
17
Bedrooms
10
Baths
5
Parking
Days on Market

Exceptional Investment Opportunity! This property consists of 6 recently renovated residential units and 4 commercial units. The residential units were completely gutted and rebuilt in 2019 with no expense spared, featuring new windows, doors, flooring, countertops, appliances, bathrooms, kitchens and independent HVAC systems for each unit. The property consists of a three-story building with an approximate total area of 11,696 square feet. The commercial portion of the building comprises approximately 4,406 square feet of leasable space, spread across four street-front commercial units, each including basement space. The residential portion of the building accounts for around 7,290 square feet of gross area. With the upcoming construction of the new LRT route running directly along King St. E. and on-site parking, this location is set for even greater potential. All tenants cover their own hydro and gas expenses. A highly profitable investment, with dropping interest rates this is your chance to acquire 10 doors in one go and start cash flowing.

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Tour this home:

Exceptional Investment Opportunity! This property consists of 6 recently renovated residential units and 4 commercial units. The residential units were completely gutted and rebuilt in 2019 with no expense spared, featuring new windows, doors, flooring, countertops, appliances, bathrooms, kitchens and independent HVAC systems for each unit. The property consists of a three-story building with an approximate total area of 11,696 square feet. The commercial portion of the building comprises approximately 4,406 square feet of leasable space, spread across four street-front commercial units, each including basement space. The residential portion of the building accounts for around 7,290 square feet of gross area. With the upcoming construction of the new LRT route running directly along King St. E. and on-site parking, this location is set for even greater potential. All tenants cover their own hydro and gas expenses. A highly profitable investment, with dropping interest rates this is your chance to acquire 10 doors in one go and start cash flowing.

Key Info

  • 3-Storey Multiplex
  • 4+ Parking
  • No Garage
  • Holton Ave. N./King St. E.
  • 5000 + Approximate Sq Feet
  • No Ensuite Laundry
  • Forced Air Gas Heating
  • A/C

Property

  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
  • Taxes were $18,600 in 2024
  • Possession: Flexible

Details

  • Brick Exterior
  • No Fireplace
  • 7 Kitchens
  •  
  • MLS #X12116380
  • IPRO REALTY LTD.

Extras

Room Floor Dimensions Details
Washroom4 2-Piece Bathrooms on Ground Floor
Washroom3 4-Piece Bathrooms
Washroom3 4-Piece Bathrooms

Who lives here?

Gibson, Hamilton is a west GTA neighbourhood notable for its singles, renters and salespeople. It has a higher than average population of immigrants. Residents tend to be younger with a significant number of babies, kids aged 5 to 14, youth aged 20 to 24 and adults aged 25 to 44.

Families

Kids Per Family

1.5

kids per family
in the neighbourhood.

Hamilton  (1.2)

Singles

62% of residents are
single and loving it.

62% singles

Hamilton (46%)

Renters

65% of residents
are renters.

65% renters

Hamilton (32%)

Education

15% of residents are
university grads.

15% university grads

Hamilton (28%)

Income

Average Household Income

$56K

is the average household
income in the neighbourhood.

Hamilton  ($106K)

Professions

Professions

Sales 16%
Trades 8%
Business 5%
Manufacturing 4%
Government 4%

Immigrants

27% of residents were
born outside of Canada.

27% immigrants

Hamilton (25%)

Birthplace - All

Syria was once home to 2.3% of immigrants.
Caribbean 2.0%
Portugal 1.5%
Vietnam 1.4%
Philippines 1.4%

2.3% from Syria
All-time

Birthplace - Recent

Somalia was once home to 0.7% of immigrants.
Syria 0.7%
Other Eastern Africa 0.3%
Vietnam 0.3%
Eritrea 0.3%

0.7% from Somalia
Recent

Foreign Languages

Foreign Languages

Arabic 3%
Vietnamese 3%
Spanish 2%
French 2%
Somali 2%

Religions

Religions

Christian 55%
Muslim 4%
Buddhist 2%
Hindu 1%