$3,999,999
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477 King Street E, Hamilton on L8N 1C7, Hamilton, ON L8N 1C7

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Prime Investment with Huge Upside! This property already delivers an impressive 6.34% cap rate on in-place income and thats 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 faade 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.

Listing By: Martinus Dominicus Geleynse - Corcoran Horizon Realty cnitso Realty.com
  • MLS® 40783770
  • Date Listed10/29/2025
  • Days on Realty 220 Days
  • Bedrooms 0
  • Bathrooms
  • Lot Size 0.4 acres (17,511 sq. ft)
  • County Hamilton

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.40
  • Lot Size SQFT 17,511.12
  • Lot Features Ample Parking, City Lot, High Traffic Area, Public Transit, Visual Exposure

Directions

On the north side of King Street East between Victoria Ave N and Emerald St N

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for L8N 1C7

Discover key demographics, population statistics, and environmental insights for the Hamilton, ON area.

Walkability in ON / L8N 1C7

Source: Walk Score

94/100

Walker's Paradise

Walk Score ®

64/100

Good Transit

Transit Score ®

73/100

Very Bikeable

Bike Score ®

Overview

Daily errands do not require a car. Many nearby public transportation options. Biking is convenient for most trips.

Transit Summary

20 nearby routes: 20 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 60/100, Transit Score: 50/100, Bike Score: 55/100.

Points of Interest near 477 King Street E, Hamilton ON L8N 1C7, Hamilton, ON L8N 1C7

Frequently Asked Questions for 477 King Street E, Hamilton ON L8N 1C7

Source: Realty.com

477 King Street E, Hamilton ON L8N 1C7, Hamilton, ON L8N 1C7 in Hamilton, ON L8N 1C7 is a mixed use listed at $3,999,999. Highlights include 0.40 acre lot. Realty.ca has 18 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 18 photos of 477 King Street E, Hamilton ON L8N 1C7.

The full address for this home is 477 King Street E, Hamilton ON L8N 1C7, Hamilton, ON L8N 1C7.

477 King Street E, Hamilton ON L8N 1C7 has been listed on Realty.com since Wed October 29, 2025

Daily errands do not require a car. Many nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 60/100, Transit Score: 50/100, Bike Score: 55/100.

Listing provided courtesy of: Corcoran Horizon Realty (tel: 647-873-3999)
Listing agent: Martinus Dominicus Geleynse (tel: 647-873-3999)

This content last refreshed on 2026-06-06 19:05:25. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.