$ 1.595.000

976 King Street E, Hamilton

23 Photos

976 King Street E, Hamilton, ON L8M1C4 Photo 2

976 King Street E, Hamilton, ON L8M1C4 Photo 3

976 King Street E, Hamilton, ON L8M1C4 Photo 4

976 King Street E, Hamilton, ON L8M1C4 Photo 5

976 King Street E, Hamilton, ON L8M1C4 Photo 6

976 King Street E, Hamilton, ON L8M1C4 Photo 7

Living area: 5000 square feet
MLS®: h4187612

Added: 53 days ago

Property Details

Investment Opportunity! 8-unit apartment building in Central Downtown Hamilton close to Tim Horton's Field. Fully rented with 7 one-bedroom units and 1 bachelor unit. 5 units have been renovated in the last few years. Roof was done in 2017. Separate hydro meters (tenants pay hydro) and separate water heaters. 4 parking spots, with 2 of them currently rented. Easy access to public transportation. Public Laundromat right next door. (id:1945)

Best Mortgage Rates

Property Information

Sewer: Municipal sewage system
Heating: Radiant heat, Boiler, Natural gas
Stories: 3
Tax Year: 2023
Basement: Partially finished, Full
Year Built: 1923
Appliances: Refrigerator, Stove
Directions: URBAN
Living Area: 5000
Lot Features: Double width or more driveway, Paved driveway
Photos Count: 23
Water Source: Municipal water
Business Type: Residential
Parking Total: 4
Structure Type: Multi-Family
Parking Features: No Garage
Tax Annual Amount: 14767
Exterior Features: Brick
Security Features: Smoke Detectors
Building Area Total: 5000
Community Features: Community Centre
Foundation Details: Stone
Lot Size Dimensions: 36 x 103
Architectural Style: 3 Level, Multi-Unit
Number Of Units Total: 8

Features

Other: Inclusions: 8 Fridges, 8 Stoves, all in "as is" condition., Exclusions: All tenant's belongings., Foundation: Stone, Laundry Access: In Area, Leases, Water Meter
Heating: Gas, Radiant, Hot Water
Lot Features: Urban
Extra Features: Area Features: Place of Worship, Public Transit, Rec./Commun.Centre, Schools
Interior Features: Separate Hydro Meters
Sewer/Water Systems: Sewers: Sewer

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Nearby Places

Name	Type	Address	Distance
Brian Timmis Stadium	The stadium was built in 1968, and seated 5,000 pe...		0.4 km
Tim Hortons Field	The stadium is a Canadian football stadium that re...		0.5 km
Ivor Wynne Stadium	The stadium was the home of the Hamilton Tiger-Cat...		0.5 km
Tim Hortons Field	Stadium	75 Balsam Ave N	0.5 km
Parkview Secondary School	School	60 Balsam Ave N	0.6 km
Parkview Secondary School	Parkview Secondary School had a 2009-2010 enrollme...		0.6 km
Adelaide Hoodless Public School	Built in 1911, the school currently has 544 studen...		0.6 km
270 Sherman	Today, the complex has been renamed the Cotton Fac...		1.0 km
Cathedral High School	School	30 Wentworth St N	1.0 km
Cathedral High School (Hamilton, Ontario)	Cathedral High School dates back to 1912, when hig...		1.1 km
Barton Street Arena	It was built in 1910 at what was at that time the ...		1.1 km
St. Peter's Hospital (Hamilton)	Peter's Hospital is a 250-bed chronic care hospita...		1.1 km

976 King Street E mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 976 King Street E. The current price of the property is $1,595,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $1,276,000. This would result in a monthly mortgage payment of $7,459 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Bachelor's degree	25
College	70
University degree at bachelor level or above	20

Neighbourhood Marital Status Stat

Married	135
Widowed	15
Divorced	45
Separated	15
Never married	215
Living common law	80
Married or living common law	215
Not married and not living common law	290

Neighbourhood Construction Date

1961 to 1980	30
1991 to 2000	10
1960 or before	195

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