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320 King St E 2,251 SF 100% Leased Retail Building Hamilton, ON L8N 1C2 $863,309 USD ($383.52 USD/SF)
Investment Highlights
- Fully Stabilized Asset: 5-unit mixed-use property with zero vacancy in Hamilton's historic International Village.
- Owner-User Potential: The premium, renovated coach house makes this ideal for an owner-occupier or a yield-focused investor.
- Value-Add Upside: Tangible opportunity to increase returns through a significant loss-to-lease gap on one drastically under-market unit.
- Strong Cash Flow: Turn-key cash generator producing a highly efficient actual Net Operating Income (NOI) of $62,459.46.
- Massive Appreciation Potential: Positioned directly along the route of Hamilton's upcoming $3.4 billion Light Rail Transit (LRT) project.
- Diverse Unit Mix: 2,901 sq. ft. building featuring main-floor retail, three apartments, and a renovated 650 sq. ft. coach house.
Executive Summary
320 King Street East presents a rare opportunity to acquire a fully stabilized, 5-unit mixed-use asset in the heart of Hamilton’s historic International Village. Generating a highly efficient actual Net Operating Income of $62,459.46 with zero vacancy, the 2,901-square-foot property features a main-floor retail space, three standard apartments, and a premium 650-square-foot renovated coach house ideal for owner-occupiers or yield-focused investors. While currently performing as a turn-key cash generator, the asset offers tangible value-add potential through a significant loss-to-lease opportunity on one drastically under-market residential unit. Furthermore, with a "Walker's Paradise" Walk Score of 98 and Transit Oriented Corridor (TOC1) zoning, this property is strategically positioned for massive long-term capital appreciation directly along the route of Hamilton's upcoming $3.4 billion Light Rail Transit (LRT) project.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (USD) | Annual Per SF (USD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,251 SF
Year Built
1915
Price
$863,309 USD
Price Per SF
$383.52 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Zoning
D2
Frontage
20’ on King St
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 30
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320 King St E
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