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$2,399,000
Est. payment /mo
13 Beds
12 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Stipley
MLS Listing ID X12561422
Style 3-Storey
Bedrooms 13
Annual Tax Amount $23,412
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Introducing 1024 King Street East, a solid and well-maintained 12-unit multifamily investment property located along one of Hamilton's most active transit corridors. This purpose-built apartment building features an attractive and balanced unit mix, consisting of three 2-bedroom units, seven 1-bedroom units, and two bachelor suites, appealing to a wide range of tenants and ensuring strong year-round demand. Ideally positioned in the evolving Gibson- Stipley Neighborhood, the property offers excellent access to local amenities, retail, restaurants, parks, transit, and major arterial routes leading directly into the downtown core. With consistent rental performance and significant upside potential through gradual modernization, this turnkey asset is perfectly suited for investors looking to grow or stabilize their multifamily portfolio in one of Hamilton's fastest-improving districts.
Location
Province ON
County Hamilton
Community Stipley
Area Hamilton
Rooms
Family Room No
Basement Finished
Kitchen 12
Interior
Interior Features Water Heater
Cooling Wall Unit(s)
Exterior
Pool None
Roof Type Flat
Lot Frontage 49.58
Lot Depth 111.16
Total Parking Spaces 5
Building
Foundation Concrete
Architectural Style 3-Storey
Others
Senior Community No
ParcelsYN No
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Listed by Royal Lepage Real Estate Associates
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