$1,275,000
251 KING STREET E
Beds
6
Baths
3
Sqft
—
Year
—
Type
Single Family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Hamilton (Stoney Creek). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Rare Investment & Development Opportunity! This legal, turnkey triplex sits on a massive 79ft x 224ft lot in prime Stoney Creek. Offering incredible versatility, this property features three fully self-contained, permitted units-ideal for a pure investor, land-banker, or owner-occupant seeking a massive mortgage helper. Main Bungalow: Features a spacious 4-bed, 2-bath upper level and a newly renovated 2-bed lower-level apartment with a private entrance and modern finishes. Coach House: A detached, fully renovated 2-bedroom residence with its own separate address, parking, and yard/patio for ultimate privacy. Located in the heart of Stoney Creek with easy access to shopping, schools, buses, and the QEW. Live in one unit and let the rent fund the investment. All units are legal and permitted. A must-see! (id:65958)
- Subtype
- Single Family
- Architectural style
- Bungalow
- Structure
- Other
- Community
- Stoney Creek
- Lot dimensions
- 78.6 x 223.9 FT ; 5.24x246.72x52.51x26.26x223.89x69.93
- Bedrooms
- 4 above grade, 2 below grade
- Parking
- 15 total
- Stories
- 1
- On market
- Apr 9, 2026
- Status changed
- Apr 20, 2026
- Annual tax
- $8,320.38 (2025)
- Zoning
- R1
- Photos
- 46
- MLS#
- X12976356
- Area
- HAMILTON_(STONEY_CREEK)
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Lot
Cash on cash
-6.45%
Cap rate
3.57%
GRM
16.7
Break-even rent
$7,817
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 20, 2026.