1038 - 1048 King Street W, Hamilton, ON, L8S 1L5 - investment for sale | Listing ID H4191224

1038 - 1048 King Street W, Hamilton, Ontario, L8S 1L5

MLS® # H4191224

Investment For Sale In Westdale South, Hamilton, Ontario

$4,950,000

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1038 - 1048 King Street W, Hamilton, ON - Outdoor

1038 - 1048 King Street W, Hamilton, ON - Indoor Photo Showing Other Room

1038 - 1048 King Street W, Hamilton, ON - Indoor Photo Showing Bathroom

1038 - 1048 King Street W, Hamilton, ON - Indoor Photo Showing Bedroom

1038 - 1048 King Street W, Hamilton, ON - Indoor Photo Showing Living Room

1038 - 1048 King Street W, Hamilton, ON - Indoor

1038 - 1048 King Street W, Hamilton, ON - Indoor Photo Showing Kitchen

1038 - 1048 King Street W, Hamilton, ON - Indoor Photo Showing Kitchen With Double Sink

1038 - 1048 King Street W, Hamilton, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen

1038 - 1048 King Street W, Hamilton, ON - Indoor Photo Showing Laundry Room

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Get a home insurance quote online for this $4,950,000 property in Hamilton

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1038 - 1048 King Street W, Hamilton, Ontario, L8S 1L5

$4,950,000

Property Information:

LOCATION, LOCATION, LOCATION. This Impressive and Stunning 12 Unit, Mixed Use Investment Building is situated in the Heart of Hamilton's sought after Westdale Community. FEATURES; 4 Retail/Office units on the main floor separated by a center hallway, 4 Luxurious and fully furnished apartments on second floor, plus a fully finished basement with 4 more retail/ office units. All the units are fully rented providing a Gross Income of 397K annually supporting a Capitalization rate of 6.5%. This is an Absolute Must See. R.S.A (id:27)

Building Features:

Style: Multiplex
Building Type: Apartment
Architectural Style: 2 Level, Multi-Unit
Basement Development: Finished
Basement Type: Full
Exterior Finish: Brick, Stone
Fire Protection: Smoke Detectors
Fireplace Fuel: Gas
Fireplace Type: Other - See remarks
Floor Space: 12900 Square Feet
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Microwave, Refrigerator, Stove

Property Features:

Property Type: Multi-family
Built in: 1939
Features: Paved driveway
Floor Space (approx): 12900.00 Square Feet
Irregular: Yes
Lot Depth: 100.0 Feet
Lot Frontage: 60.0 Feet
Lot Size: 60 x 100
Soil Type: Clay, Loam
Zoning: C5a
Sewer: Municipal sewage system
Parking Type: No Garage
No. of Parking Spaces: 4

Courtesy of: RE/MAX Escarpment Realty Inc.

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Market Price Trends

Location of 1038 - 1048 King Street W, Hamilton, Ontario, L8S 1L5

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: High

30 hot days expected in 2050

Projected Storm Risk: High

13 storms expected in 2050

Projected Heat Risk: High

30 hot days expected in 2050

47/100

High

ClimateCheck®

Current data

This property, 1038 - 1048 King Street W , experiences 7 hot days per year at around 32 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 35.5 degrees Celsius.

Projected Avg. Temperature

Past

32℃

2050

35.5℃

# 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

59/100

High

ClimateCheck®

Current data

This property, 1038 - 1048 King Street W , experiences 11 significant 2-day storms per year, with about 309.1mm 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 384.1mm of precipitation per year.

Precipitation Per Storm

Past

309.1mm

2050

384.1mm

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 1038 - 1048 King Street W, Hamilton, Ontario, L8S 1L5

Life Stage

Older Families

Employment Type

Service Sector/White Collar

Average Household Income

$159,924.10

Average Number of Children

1.83

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.01 %

High school certificate or equivalent

22.82 %

Apprenticeship trade certificate/diploma

0.86 %

College/non-university certificate

17.1 %

University certificate (below bachelor)

3.8 %

University Degree

45.41 %

Commuter

Travel To Work

By Car

64.24 %

By Public Transit

12.19 %

By Walking

16.99 %

By Bicycle

2.09 %

By Other Methods

4.49 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

12.55 %

Houses

87.45 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 1038 - 1048 King Street W, Hamilton, Ontario, L8S 1L5

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 1038 - 1048 King Street W, Hamilton, Ontario, L8S 1L5

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

1038 - 1048 King Street W, Hamilton, Ontario, L8S 1L5

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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