571-575 King Street E, Hamilton
Significantly renovated mixed-use investment property on Hamilton's future LRT corridor! Offering 5,544 sq. ft. above grade, this exceptionally well-maintained, two-storey building underwent an extensive, near-total renovation in 2019-2020 and features three 1-bedroom residential apartments and three ground-floor retail storefronts, two of which are currently combined into one commercial unit. A full, usable basement provides substantial additional storage, while a rear fire escape adds further functionality. Offered at an attractive 6.2% cap rate, reflecting the significant capital investment already undertaken, this is an opportunity to acquire a substantially improved asset with diversified residential and commercial income. Situated on King Street East, directly along the planned Hamilton LRT route, the property is exceptionally well positioned to benefit from future transit investment, neighbourhood revitalization, and long-term growth. An appealing opportunity for investors seeking quality construction, current income, and meaningful future upside. (id:1945)
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Property details for 571-575 King Street E, Hamilton
- Type
- Commercial
- Living Area
- 5,544 square feet
- Lot Size
- 49 FT
- Heating
- Forced air, Natural gas
- Cooling
- Partially air conditioned
- Annual Taxes
- $11,553
Nearby Listings Stat
Estimated price and comparable properties near 571-575 King Street E
Active Listings
621
Min Price
$1
Max Price
$4,700,000
Avg Price
$701,116
Days on Market
61
days
Sold Listings
261
Min Sold Price
$1
Max Sold Price
$2,699,900
Avg Sold Price
$625,742
Days until Sold
61
days
Neighbourhood Census Data
Hamilton, Ontario
Population
482
Median Age
40.1
Median Income
$40,768
Dwelling Value
$348,935
Housing Tenure
Owners 87%
Renters 14%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.5
Pop. Density: 4,538.6/km²
Avg Shelter Cost: $1,287/mo
Owners with Mortgage: 63.6%
Owners Spending 30%+: 12.5%
Tenants Spending 30%+: 0%
English only: 92.7%
English and French: 7.3%
Median Household Income: $84,096
Median Employment Income: $38,976
Price History
Listed
October 22, 2026
by Corcoran Horizon Realty
Current Price
$1,489,000
Type
Commercial
For Sale
