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$3,999,999
Ontario,Hamilton (Landsdale)
For Sale Active
477 KING STREET E, Hamilton (Landsdale), Ontario L8N1C7
  • 20,385 Sqft
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Basic Details
Description

Prime Investment with Huge Upside! This property already delivers an impressive 6.34% cap rate on in-place income – and that’s without counting the five vacant commercial units. Active negotiations on three of those spaces are underway, pushing projected returns to 7.5%+ once leased. The upside here is undeniable. Positioned with over 142 feet of frontage along the future LRT route,

and backed by a 26-car parking lot spanning nearly an entire city block, this asset combines strong income performance with outstanding redevelopment potential. Extensively renovated, it showcases a refreshed façade with new retail glass, newer windows and roof, high-efficiency boilers, and a fully rebuilt metal fire escape – representing major capital work already completed. The residential suites feature spacious two-bedroom layouts plus one three-bedroom, all with high ceilings, large windows, updated kitchens and baths, on-site parking, and generous floor plans that consistently attract quality tenants. The commercial spaces (approx. 1,000 sq. ft. each) boast soaring ceilings, full basements, and direct roll-out access to the rear lot – ideal for a wide variety of uses. A recent clean Phase I Environmental Study is on hand. Aggressively priced to sell, this is a rare opportunity for a savvy investor or developer seeking strong cash flow today, tremendous upside tomorrow, and unbeatable positioning along a rapidly evolving urban corridor. (id:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: X12807666
  • Price: $3,999,999
  • Square Footage: 20,385 Sqft
  • Status: Active
  • Office Name: Corcoran Horizon Realty
  • Property Sub Type: Retail
  • Office Key: 300343
Features & Appliances
Features
  • Heating System: Natural gas, Hot water radiator heat
  • Cooling System: Partially air conditioned
Address Map
  • Location: CA, Ontario, Hamilton (Landsdale), L8N1C7
  • Street: King
  • Street Number: 477
  • Street Suffix: Street
  • Longitude: W80° 8' 43.3''
  • Latitude: N43° 15' 11''
  • Street Dir Suffix: East
Additional Information
  • Water Source:
  • Lot Size Dimensions: 143 x 125 FT
Financial
  • Tax Annual Amount: 94575
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Listing updated: 2026-03-02 00:09:55
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Listing Information
  • List Agent Key: 2104041
  • List Office Key: 300343
  • Modification Timestamp: 2026-02-20T22:26:08Z
  • Originating System Name: The Oakville, Milton & District Real Estate Board
  • Status Change Timestamp: 2026-02-20T22:15:16Z
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Listing updated: 2026-03-02 00:09:56
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