70 King Street E Home For Sale Hamilton, Ontario L8N 1A6
H4150059
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$6,299,000
One of the most prestigious heritage properties in the city could finally be yours! 66 & 68 King Street East is a towering pair of mixed-use heritage properties in the core of city fronting onto the pedestrian only Gore Park. 68 King Street East, also known as Victoria Hall, designated a national historic site because it is of national historic and architectural significance. It is a superior and rare example of a commercial building with a decorative, architectonic, sheet-metal façade, which is completely hand rather than machine-made. This 22,000 SF building hosts two ground floor commercial units that are currently home to a local, vibrant cafe and reputable province wide food franchise. The upper floors currently contain seven oversized apartments of 3, 4 and 5 bedrooms. Combined the apartments have over 30 bedrooms leading to the current Co-Living business model where rooms are rented instead of apartments. This business model has a tremendous positive impact on cashflow resulting in approximately $450K in gross revenue. This building had previously been considered for CMHC financing, please call for details and our marketing package! (id:35167)
Business
| Business Type | Other |
Property Details
| MLS® Number | H4150059 |
| Property Type | Multi-family |
| Equipment Type | Other |
| Features | No Driveway |
| Rental Equipment Type | Other |
Building
| Architectural Style | Multi-unit, Other |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Style Split Level | Other |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Other |
| Fire Protection | Unknown |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 5 |
| Size Exterior | 22355 Sqft |
| Size Interior | 22355 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 137 Ft |
| Size Frontage | 41 Ft |
| Size Irregular | 41.6 X 137.48 |
| Size Total Text | 41.6 X 137.48|under 1/2 Acre |
| Zoning Description | D2 |
https://www.realtor.ca/real-estate/25023718/70-king-street-e-hamilton
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November 01 2022 02:07:37
REALTORS® Association of Hamilton-Burlington
Ambitious Realty Advisors Inc.
