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249-255 King St E 6 Unit Apartment Building $1,588,445 USD ($264,741 USD/Unit) 8% Cap Rate Hamilton, ON L8N 1B9
Investment Highlights
- Ground floor retail/restaurant space is fully leased!
- All residential units are fully occupied.
- Seller will entertain all offers!
- Corner lot with convenient access.
- Sale price reduced!
Executive Summary
Turnkey mixed-use investment opportunity in the heart of downtown Hamilton. Situated on a prominent corner at King St E and Ferguson Ave N, this fully tenanted asset offers a blend of stable residential income and high-exposure commercial frontage. The property features two ground-floor commercial units and six residential apartments (1- and 2-bedroom units). Fully leased at market rents with a favourable tenant structure, providing consistent cash flow from a diversified income base. Located in a high-traffic, rapidly evolving corridor with excellent walkability and transit access, this is an ideal opportunity for investors seeking a stable, long-term asset in a prime urban location.
Property Facts
| Price | $1,588,445 USD | Apartment Style | Low-Rise |
| Price Per Unit | $264,741 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 8% | Building Size | 8,852 SF |
| Sale Condition | Court Appointed Sale | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 0.11/1,000 SF |
| Zoning | D2 - Downtown mixed use area | ||
| Price | $1,588,445 USD |
| Price Per Unit | $264,741 USD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Sale Condition | Court Appointed Sale |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 8,852 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1961 |
| Parking Ratio | 0.11/1,000 SF |
| Zoning | D2 - Downtown mixed use area |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- On-Site Retail
- Smoke Free
- Walk-Up
- Smoke Detector
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
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249-255 King St E
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