571-575 KING Street E, Hamilton

$1,489,000
571-575 KING Street E

$1,489,000

New
3d
Commercial Retail

571-575 KING Street E, Hamilton

Total Monthly Obligation $7,344

Beds
0
Baths
0
Park
0
DOM
3d
Property Type-Commercial Retail
MLS® Number-X14104950
Beds-0
Lot Size-49 ft (front)
Listed on site-Oct 20, 2026
Building Type-Commercial Retail
Taxes-$11,553 (2025)
Parking-Outside/Surface
Heating-Gas Forced Air Closed
Brokerage-Corcoran Horizon Realty
Cooling-Partial
Fireplace-No
Pool-None
Sewer-Sanitary+Storm
Possession-Flexible
Neighbourhood-Landsdale
Title-Commercial

No agent assigned

Significantly renovated mixed-use investment property on Hamilton's future LRT corridor! Offering 5,544 sq. ft. above grade, this exceptionally well-maintained, two-storey building underwent an extensive, near-total renovation in 2019-2020 and features three 1-bedroom residential apartments and three ground-floor retail storefronts, two of which are currently combined into one commercial unit. A full, usable basement provides substantial additional storage, while a rear fire escape adds further functionality. Offered at an attractive 6.2% cap rate, reflecting the significant capital investment already undertaken, this is an opportunity to acquire a substantially improved asset with diversified residential and commercial income. Situated on King Street East, directly along the planned Hamilton LRT route, the property is exceptionally well positioned to benefit from future transit investment, neighbourhood revitalization, and long-term growth. An appealing opportunity for investors seeking quality construction, current income, and meaningful future upside.

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Closing Costs

Mortgage Amount
$1,191,200
Land Transfer Taxes$26,255
Legal Fees (Est.)
$
Total cash required for closing$325,555

Total Monthly Obligation

$7,344/mo
Mortgage $6,006
Monthly Loss $5,763
Principal$1,581
Interest$4,426
Property Tax$963
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 571-575 KING Street E

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