2342 King Street E, Hamilton, ON, L8K 1X7 - investment for sale | Listing ID X11996786

2342 KING STREET E, Hamilton, Ontario, L8K 1X7

MLS® # X11996786

Investment For Sale In Glenview East, Hamilton, Ontario

$1,300,000

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2342 King Street E, Hamilton, ON - Outdoor

2342 King Street E, Hamilton, ON - Indoor Photo Showing Other Room

2342 King Street E, Hamilton, ON - Indoor Photo Showing Kitchen

2342 King Street E, Hamilton, ON - Indoor

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Home Insurance - TD Insurance

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Home Insurance - TD Insurance

Get a home insurance quote online for this $1,300,000 property in Hamilton

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2342 KING STREET E, Hamilton, Ontario, L8K 1X7

$1,300,000

Property Information:

Client RemarksPrime value-add opportunity! This 8-unit apartment building offers tremendous upside, with the potential to add a 9th unit for increased cash flow. With 3 vacant units, this property presents immediate potential to set market rents and optimize tenant mix. Each unit is separately metered for hydro, giving you flexibility to minimize expenses. The property features 8 outdoor parking spaces to enhance tenant convenience. With strategic upgrades and management, this property can be brought to its full potential in a high-demand rental market. A rare opportunity to create substantial value. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Air Conditioning: Yes
Floor Space: 6953.48 sqft
Heating Type: Hot water radiator heat
Heating Fuel: Natural gas
Cooling Type: Partially air conditioned
Appliances: Stove, Refrigerator

Property Features:

Property Type: Multi-family
Bathrooms: 8
Floor Space (approx): 6953.48 Square Feet
Irregular: Yes
Lot Depth: 125.0 Feet
Lot Frontage: 47.0 Feet
Lot Size: 47 x 125 FT
Zoning: H, E-2

Courtesy of: MYSAK REALTY INC.

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Market Price Trends

Location of 2342 KING STREET E, Hamilton, Ontario, L8K 1X7

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

30 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: Moderate

30 hot days expected in 2050

48/100

Moderate

ClimateCheck®

Current data

This property, 2342 KING STREET E , experiences 7 hot days per year at around 31.8 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 30 hot days at 35.4 degrees Celsius.

Projected Avg. Temperature

Past

31.8℃

2050

35.4℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

13 storms expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 2342 KING STREET E , experiences 11 significant 2-day storms per year, with about 306.8mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 380.3mm of precipitation per year.

Precipitation Per Storm

Past

306.8mm

2050

380.3mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 2342 KING STREET E, Hamilton, Ontario, L8K 1X7

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$98,504.66

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.03 %

High school certificate or equivalent

33.62 %

Apprenticeship trade certificate/diploma

8.71 %

College/non-university certificate

24.39 %

University certificate (below bachelor)

0.33 %

University Degree

11.92 %

Commuter

Travel To Work

By Car

85.13 %

By Public Transit

10.74 %

By Walking

2.37 %

By Bicycle

0.0 %

By Other Methods

1.76 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

38.5 %

Houses

61.5 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 2342 KING STREET E, Hamilton, Ontario, L8K 1X7

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 2342 KING STREET E, Hamilton, Ontario, L8K 1X7

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

2342 KING STREET E, Hamilton, Ontario, L8K 1X7

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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