72 King Street E,Flamborough, ON L9H 1C2
Flamborough, ON L9H 1C2
Description
Opportunity knocks in the heart of Dundas with this fully occupied, two-storey mixed-use building at the southeast corner of King Street East and Cootes Drive. Offering 7,456 sq ft across six units on a 0.20-acre corner lot with 146 feet of frontage, this well-maintained property delivers a diversified income stream from both commercial and residential tenants, plus 6 on-site parking spaces, a true rarity on this stretch of King Street. The main floor features two commercial spaces totalling 3,757 sq ft: an established quick serve restaurant occupying 1,874 sq ft, purpose-built for restaurant use, and a separate freestanding retail store occupying 1,883 sq ft. Upstairs, four residential units totalling 3,699 sq ft include two 1-bedroom lofts, a 2-bedroom unit and a studio, each with its own washroom. The numbers speak for themselves. The property generates a top line income of $12,768 per month, or $153,216 per year. Even better, the upside is built in. All existing tenancies are month to month, giving a new owner the flexibility to reposition rents toward market levels. The building has been thoughtfully cared for, with LED and pot lighting and renovations completed in 2020. C5 zoning, steady foot traffic from the surrounding residential neighbourhood, transit at the door and easy access to Highway 403 round out a compelling package. Whether you are an investor seeking stable cash flow with growth potential or an owner-operator looking to run your business while your tenants help pay the mortgage, 72 King Street East is an opportunity worth a closer look.
Details
| MLS # | 40871188 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 25 |
| Listing Provided By | Keller Williams Edge Realty | Ryan Urban |
Features
| SQ Feet | 7,456 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | C5 |
| Acreage | 0.29 |
Interior
| Cooling Yes / No | No |
|---|
Exterior
| Lot Features | High Traffic Area, Highway Access, Public Transit |
|---|
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 11748 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Hamilton |
| City | Flamborough |
| Postal Code | L9H 1C2 |
| Area | 41 Dundas |
| Subarea | 411 Coote's Paradise |
| Community Name | 411 Coote's Paradise |
| Listing VS Median (in 411 Coote's Paradise) | |
Price: $2,300,000 low | high Med: $549,000 sqft: 7,456 low | high Med: 894 $ / sqft: $308 low | high Med: $614 On site: 25 low | high Med: 56 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Flamborough |
| Postal Code | L9H 1C2 |
| Area | 41 Dundas |
| Subarea | 411 Coote's Paradise |
| Community Name | 411 Coote's Paradise |
| Listing VS Median (in 411 Coote's Paradise) | |
Price: $2,300,000 low | high Med: $549,000 sqft: 7,456 low | high Med: 894 $ / sqft: $308 low | high Med: $614 On site: 25 low | high Med: 56 | |
 | $2,399,00026 John Street NHamilton, ON L8R 1G9 |
