For Sale - 477 King Street E, Hamilton, ON L8N 1C7

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David Bradica

david@davidbradica.com +1(905) 203-1777

$3,999,999

Est. payment - /mo

20,385 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed,Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 20,385 sqft

Price per Sqft $196

MLS Listing ID 40783770

Abv Grd Liv Area 20,385

Annual Tax Amount $94,575

Lot Size 0.402 Acres

Acres 0.402

Property Sub-Type Mixed,Building and Land

Source Cornerstone

Property Description

Prime Investment with Huge Upside! This property already delivers an impressive 6.34% cap rate on in-place income — and that's without counting the five vacant commercial units. Active negotiations on three of those spaces are underway, pushing projected returns to 7.5%+ once leased. The upside here is undeniable. Positioned with over 142 feet of frontage along the future LRT route, and backed by a 26-car parking lot spanning nearly an entire city block, this asset combines strong income performance with outstanding redevelopment potential. Extensively renovated, it showcases a refreshed façade with new retail glass, newer windows and roof, high-efficiency boilers, and a fully rebuilt metal fire escape — representing major capital work already completed. The residential suites feature spacious two-bedroom layouts plus one three-bedroom, all with high ceilings, large windows, updated kitchens and baths, on-site parking, and generous floor plans that consistently attract quality tenants. The commercial spaces (approx. 1,000 sq. ft. each) boast soaring ceilings, full basements, and direct roll-out access to the rear lot — ideal for a wide variety of uses. A recent clean Phase I Environmental Study is on hand. Aggressively priced to sell, this is a rare opportunity for a savvy investor or developer seeking strong cash flow today, tremendous upside tomorrow, and unbeatable positioning along a rapidly evolving urban corridor.

Location

Province ON

County Hamilton

Area 14 - Hamilton Centre

Zoning Mixed Use Transit Oriented Corridor

Direction On the north side of King Street East between Victoria Ave N and Emerald St N

Rooms

Basement Full

Kitchen 0

Interior

Fireplace No

Exterior

Parking Features Detached Garage, Asphalt

Garage Spaces 1.0

Lot Frontage 143.0

Lot Depth 125.0

Garage No

Building

Lot Description Ample Parking, City Lot, High Traffic Area, Public Transit, Visual Exposure

Faces On the north side of King Street East between Victoria Ave N and Emerald St N

Story 3

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 3

Structure Type Brick

New Construction No

Others

Senior Community false

Tax ID 171790170

Ownership Freehold/None

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Listed by Corcoran Horizon Realty

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David Bradica

+1(905) 203-1777

Broker of Record

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477 King Street E Hamilton, ON L8N 1C7

David Bradica

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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477 King Street E