7 Beds
5 Baths
2,522 SqFt
7 Beds
5 Baths
2,522 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 2,522 sqft
Price per Sqft $366
MLS Listing ID 40869335
Bedrooms 7
Abv Grd Liv Area 3,572
Year Built 1900
Annual Tax Amount $4,515
Property Sub-Type Multi-4 Unit
Source Cornerstone
Property Description
generating over $6,300/month in gross income! Located in a high-growth corridor,
526 King St E is a legal triplex featuring a 4th basement unit for maximized cash
flow. Meticulously updated, 3 of the units boast reimagined layouts with premium
modern finishes, including new flooring, crisp new cabinetry, and brand-new
windows. Property Layout: Main Floor: 2-Bedroom Unit, Second Floor: 2-Bedroom
Unit, Third Floor: 1-Bedroom Unit, Basement: 1-Bedroom Unit. Investor Highlights:
Separate Metering: 4 Hydro Meters keep utility overhead remarkably low. Abundant
Parking: Rare 4-car parking (2 front + 2 back). Low Maintenance: Fully updated
interior & exterior for hands-off management. Immediate Income: 3 units currently
occupied by quality tenants. Location & Future Growth: Unbeatable access to public
transit, local amenities, and the GO Station. Take full advantage of Hamilton's
anticipated Light Rail Transit (LRT) expansion, driven to significantly accelerate
property appreciation. Unmatched Exit Strategy: Flexible TOC1 (Transit Oriented
Corridor) Zoning permits a wide array of high-density residential and commercial
uses—providing dynamic upside and multiple exit options for future redevelopment.
Whether adding a cash-flow asset to your portfolio or house-hacking your way to
financial freedom, this high-yield property is a rare find. Book your showing
today!
Location
Province ON
County Hamilton
Area 14 - Hamilton Centre
Zoning TOC1
Direction West of Wentworth ST S on King Street E
Rooms
Basement Separate Entrance, Full, Finished
Kitchen 0
Interior
Interior Features None
Heating Baseboard, Electric, Forced Air, Natural Gas
Cooling None
Fireplace No
Appliance Dryer, Refrigerator, Stove, Washer
Laundry In-Suite
Exterior
Parking Features Exclusive
Roof Type Asphalt Shing
Lot Frontage 27.0
Lot Depth 118.0
Garage No
Building
Lot Description Irregular Lot, City Lot, High Traffic Area, Hospital, Library, Park, Place of Worship, Public Parking, Public Transit, School Bus Route, Schools
Faces West of Wentworth ST S on King Street E
Story 4
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 3
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 171800169
Ownership Freehold/None
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