216 KING Street
Hamilton, Ontario
3,000 sqft • Other
Excellent mixed-use investment opportunity in the heart of downtown Hamilton. This income-producing property features 2 fully leased ground-floor retail units generating a combined $4,300/month, plus 2 vacant 1-bed, 1-bath loft-style residential units, each with a private balcony overlooking vibrant King St. E, ready to be leased at today's market rents. An additional third residential unit offers excellent value-add potential and awaits restoration, providing an opportunity to further increase income through renovation. All 4 existing units are separately metered, allowing for efficient utility management. The property also offers rear parking and is ideally located close to public transit, shopping, restaurants, and the ongoing growth and revitalization of Hamilton's downtown core. A rare opportunity to acquire a well-located mixed-use asset with immediate commercial income, vacant residential units ready for lease-up, and future upside through renovation and increased rental potential.
Price History
Schools
Secondary
- System Alternative Education Sir Isaac Brock Secondary School0.2 km
Public · Hamilton-Wentworth DSB · 65 students
- Cathedral High School0.8 km
Catholic · Hamilton-Wentworth CDSB · 1650 students
Grade 10 literacy: 64% met the provincial standard
- St. Charles Catholic Adult Secondary School2.1 km
Catholic · Hamilton-Wentworth CDSB · 345 students
Elementary
- Dr. J. Edgar Davey Elementary Public School0.4 km
Public · Hamilton-Wentworth DSB · 585 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 14% met the provincial standard
- St. Patrick Catholic Elementary School0.6 km
Catholic · Hamilton-Wentworth CDSB · 405 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 41% met the provincial standard
- Queen Victoria Elementary Public School0.8 km
Public · Hamilton-Wentworth DSB · 585 students
Grade 3 reading: 48% met the provincial standard · Grade 6 math: 14% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L8N
- Population
- 15,568
- Private dwellings
- 8,630
- Median age
- 36.8
- Average household size
- 1.9
- Median household income
- $54,800
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Other in Hamilton · last 12 months
- Median sold price
- $681,000
- Homes sold
- 4,998
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 4,998 recorded sales of other properties in Hamilton over the last 12 months.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Mortgage Calculator
$380,000
Estimated Monthly Payment
$9,334
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $9,334/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $475/mo
Estimates only. Consult a financial advisor.
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