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. (id:63879)
| MLS® Number | X12561422 |
| Property Type | Multi-family |
| Community Name | Stipley |
| Parking Space Total | 5 |
| Bathroom Total | 12 |
| Bedrooms Above Ground | 13 |
| Bedrooms Total | 13 |
| Appliances | Water Heater |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Electric |
| Heating Type | Heat Pump |
| Stories Total | 3 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 111 Ft ,2 In |
| Size Frontage | 49 Ft ,7 In |
| Size Irregular | 49.6 X 111.2 Ft |
| Size Total Text | 49.6 X 111.2 Ft |
https://www.realtor.ca/real-estate/29121136/1024-king-street-e-hamilton-stipley-stipley
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