One of the most prestigious heritage properties in the city could finally be yours! 66 & 68 King Street East is a towering pair of mixed-use heritage properties in the core of city fronting onto the pedestrian only Gore Park. 68 King Street East, also known as Victoria Hall, designated a national historic site because it is of national historic and architectural significance. It is a superior and rare example of a commercial building with a decorative, architectonic, sheet-metal faade, which is completely hand rather than machine-made. This 22,000 SF building hosts two ground floor commercial units that are currently home to a local, vibrant cafe and reputable province wide food franchise. The upper floors currently contain seven oversized apartments of 3, 4 and 5 bedrooms. Combined the apartments have over 30 bedrooms leading to the current Co-Living business model where rooms are rented instead of apartments. This business model has a tremendous positive impact on cashflow resulting in approximately $450K in gross revenue. This building had previously been considered for CMHC financing, please call for details and our marketing package! (id:5764)
- Price:
- $5,990,000
- Square Footage:
- 22,355
- Listing ID #:
- H4150059
- Street Address:
- 70 King Street E
- City:
- Hamilton
- Province:
- Ontario
- Postal Code:
- L8N 1A6
- Listing Status:
- Active
- Listing Type:
- Multi-Family
- Stories:
- 5
- Style:
- Multi-Unit, Other
- Total Building Square Footage:
- 22355
- Road Frontage:
- 41 Ft
- Originating Mls:
- Realtors Association Of Hamilton-Burlington
- Cooling System:
- Central Air Conditioning
- Has Central Air Conditioning:
- Yes
- Heating Fuel:
- Natural Gas
- Sewage Type:
- Municipal Sewage System
- Listing Provided By Ambitious Realty Advisors Inc.
