540 King Street E, Hamilton, ON, L8N 1E2

MLS® # 40577645

new listing

Condo For Sale In Landsdale, Hamilton, Ontario

$8,285,000 QuickQuote^TM: Not Available

48 Beds

0 Baths

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540 King Street E, Hamilton, ON - Outdoor

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

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

540 King Street E, Hamilton, ON - Indoor Photo Showing Bathroom

540 King Street E, Hamilton, ON - Indoor

540 King Street E, Hamilton, ON - Indoor With Fireplace

540 King Street E, Hamilton, ON - Indoor Photo Showing Kitchen With Double Sink

540 King Street E, Hamilton, ON - Photo Showing Other Room

540 King Street E, Hamilton, ON - Outdoor With Facade

540 King Street E, Hamilton, ON - Outdoor With View

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Home Insurance - TD Insurance

Get a home insurance quote online for this $8,285,000 property in Hamilton

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540 King Street E, Hamilton, ON, L8N 1E2

$8,285,000

48 Beds

0 Baths

Property Information:

Rare and spectacular investment opportunity offered at a 6.7% cap rate and only $230k per unit! This fully-rebuilt property is comprised of 36 beautiful apartments (24 X 1-bed, 12 X 2-bed) in two buildings. All units are separately metered for hydro and water, so the landlord pays nothing but house hydro! Completely rebuilt with permits in the last 5 years, this low-maintenance property boasts new plumbing, electrical, HVAC, kitchens, bathrooms, windows, fire and security systems, roof, and more! No elevators, parking lots, or balconies to worry about. Just enjoy the incredible cashflow and strong appreciation. Further upside may be realized by renting the new storage lockers to tenants. Situated on the future LRT transit route, this beautiful property is close to everything. Full data room is available for easy diligence - including a recent clean Phase 1 Environmental. This fully-leased property is being offered at this price for a very limited time for a quick sale. This will sell quickly - it is the best value on the market today!

Inclusions: Other

Building Features:

Floor Space: 26436 Square Feet

Property Features:

Bedrooms: 48
Acres Range: < 0.5
Basement: Full, Partially Finished
Construction Materials: Stucco
Cooling: Ductless
Driveway Parking: Street Parking Only
Exterior Features: Controlled Entry, Separate Hydro Meters
Floor Space (approx): 26436 Square Feet
Heating: Heat Pump
Interior Features: Separate Heating Controls, Separate Hydro Meters
Laundry Features: In-Suite
Lot Depth: 128.42 Feet
Lot Features: City Lot, Public Parking, Public Transit
Lot Frontage: 120.00 Feet
Roof: Flat
Security Features: Security Gate
Water Source: Municipal
Zoning: TOC1
Sewer: Sewer (Municipal)

Courtesy of: Sotheby's International Realty Canada, Brokerage

Data provided by: The Oakville, Milton and District Real Estate Board 125 Navy Street, Oakville, Ontario L6J 2Z5
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

Location of 540 King Street E, Hamilton, ON, L8N 1E2

Lifestyle
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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: High

29 hot days expected in 2050

Projected Storm Risk: High

13 storms expected in 2050

Projected Heat Risk: High

29 hot days expected in 2050

47/100

High

ClimateCheck®

Current data

This property, 540 King Street E, experiences 7 hot days per year at around 32.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 35.6 degrees Celsius.

Projected Avg. Temperature

Past

32.1℃

2050

35.6℃

# 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 Storm Risk: High

13 storms expected in 2050

58/100

High

ClimateCheck®

Current data

This property, 540 King Street E, experiences 11 significant 2-day storms per year, with about 306.7mm 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 381.7mm of precipitation per year.

Precipitation Per Storm

Past

306.7mm

2050

381.7mm

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 540 King Street E, Hamilton, ON, L8N 1E2

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$98,545.14

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.79 %

High school certificate or equivalent

28.26 %

Apprenticeship trade certificate/diploma

6.55 %

College/non-university certificate

22.01 %

University certificate (below bachelor)

1.33 %

University Degree

19.06 %

Commuter

Travel To Work

By Car

56.54 %

By Public Transit

27.85 %

By Walking

10.44 %

By Bicycle

1.47 %

By Other Methods

3.7 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

74.12 %

Houses

25.88 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 540 King Street E, Hamilton, ON, L8N 1E2

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 540 King Street E, Hamilton, ON, L8N 1E2

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

540 King Street E, Hamilton, ON, L8N 1E2

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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