$2,250,000
249-255 KING Street E
Beds
—
Baths
—
Sqft
8,852
Year
—
Type
Other
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Hamilton. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
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. (id:65958)
- Subtype
- Other
- Community
- 140 - Beasley
- Common interest
- Freehold
- Living area
- 8,852 square feet
- Lot size
- 0.13 acres
- Lot dimensions
- 0.13
- Stories
- 3
- On market
- Apr 17, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $23,356.95
- Zoning
- D2
- Photos
- 4
- MLS#
- 40818294
- Area
- HAMILTON
Features and systems
Basement
Lot
Community
Cash on cash
-6.28%
Cap rate
3.61%
GRM
16.7
Break-even rent
$13,731
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.