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979 King Street E, Hamilton, ON, L8M 1C3

MLS® # 40666604
Commercial For Sale In Stipeley, Hamilton, Ontario
$799,900
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
979 King Street E, Hamilton, ON
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ACTIVE
979 King Street E, Hamilton, ON, L8M 1C3
$799,900

Property Information:

Investors, don’t miss this turn-key, fully leased mixed-use building generating a solid income with a gross yearly income of $54,000 and approximately $43,000 in net income. Tenants cover all utilities, making this a low-maintenance investment, with the seller only responsible for property taxes, insurance and water heater. The property features a leased storefront on the ground floor, along with a spacious, updated 3-bedroom residential unit upstairs. Over the past 10 years, the building has seen improvements, including a new roof, windows, furnace, and a complete renovation of the upstairs unit. Additionally, there’s parking for five + vehicles, with spots located at both the rear and side of the building, plus a full basement offering extra storage or potential future use. This is an excellent opportunity for investors looking for a property with minimal upkeep and strong rental income. Buyers and agents are advised to verify zoning and room sizes independently. For further details or to schedule a viewing, please contact the listing agent.

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Partial
  • Construction Materials: Aluminum Siding, Brick
  • Floor Space (approx): 2200 Square Feet
  • Lot Depth: 90.78 Feet
  • Lot Features: Irregular Lot, City Lot, High Traffic Area
  • Lot Frontage: 18.16 Feet
  • Road Frontage Type: Municipal Road
  • Water Source: Municipal
  • Zoning: TOC3
  • Sewer: Other
  • No. of Parking Spaces: 5

Courtesy of: RE/MAX Escarpment Realty Inc.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

Location of 979 King Street E, Hamilton, ON, L8M 1C3

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, 979 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 35.3 degrees Celsius.

Projected Avg. Temperature

Past
31.8℃
2050
35.3℃

# Hot Days Per Year

Past
7
2050
30

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

59/100

Moderate

ClimateCheck®

Current data

This property, 979 King Street E, experiences 11 significant 2-day storms per year, with about 308.9mm 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 383.4mm of precipitation per year.

Precipitation Per Storm

Past
308.9mm
2050
383.4mm

48-Hour Storms Per Year

Past
11
2050
13

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.

Demographic Information of 979 King Street E, Hamilton, ON, L8M 1C3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$91,403.38

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.9 %

High school certificate or equivalent

29.51 %

Apprenticeship trade certificate/diploma

6.01 %

College/non-university certificate

24.76 %

University certificate (below bachelor)

0.89 %

University Degree

18.94 %

Commuter

Travel To Work

By Car

74.46 %

By Public Transit

13.23 %

By Walking

7.41 %

By Bicycle

0.01 %

By Other Methods

4.89 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

40.24 %

Houses

59.76 %

Own Vs. Rent