177 KING Street E, Hamilton
177 KING Street E, Hamilton, ON L8R3N9
$949,900 total
2,175 SF
Asset Class
Office
Size
2,175 SF
Building class
C
Zoning
DC1 — Direct Control
$ / SF
$437
Occupancy
85%
About this property
Situated in the heart of one of Hamilton’s most desirable and vibrant neighborhoods, this property is defined by its thriving arts scene, popular eateries, and boutique retail. With prime proximity to the GO Station, Bayfront Park, the Waterfront Trails, and downtown attractions like Jackson Square, the location offers unparalleled convenience and exposure. Positioned directly across from the Royal Connaught, this building represents a rare opportunity for both owner-operators and investors. This versatile mixed-use asset features immediate commercial income, two residential units, and significant upside potential through strategic renovations and rental adjustments. Whether you are seeking a premier live/work space or a high-potential investment in a dynamic community, this property offers limitless possibilities. (id:66811)
Financial sandbox
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Monthly debt service
$4K
Projected NOI
$58K
Annual cash flow
$5K
Cash-on-cash
1.73%
DSCR
1.09
Going-in cap
6.06%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Aurora Legal LLP | 712 SF | 2032-10 |
| Aurora Legal LLP | 1,128 SF | 2032-10 |
Area demographics
Trade area within 3 miles of the property.
Population
144,290
Households
65,798
Median income
$84,500
Median age
43.2
Daytime population
125,956
5-yr growth
7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 177 KING Street E, Hamilton.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.