115 King Street E, Hamilton, ON L8G 1L2, Hamilton, ON

115 King Street E, Hamilton, ON L8G 1L2, Hamilton, ON photo 2

115 King Street E, Hamilton, ON L8G 1L2, Hamilton, ON photo 3

115 King Street E, Hamilton, ON L8G 1L2, Hamilton, ON photo 4

115 King Street E, Hamilton, ON L8G 1L2, Hamilton, ON photo 5

+1 photos

$505,000

115 King Street E, Hamilton, ON L8G 1L2, Hamilton, ON

Hamilton, ON L8G 1L2

4 beds 3 baths Detached

About this home

Excellent opportunity in prime Olde Stoney Creek location, steps to schools, shopping and transit! The huge 56 X 197 foot lot is perfect to build your dream home. The existing house itself is in a state of neglect and disrepair and requires significant renovation and restoration. Ideal for a contractor or handyman/first-time buyer with the resources to bring it back to life. Current improvements include a steel roof, furnace, and central air (2018). The rear yard itself, while overgrown, boasts numerous fruit trees and shrubs (apple, plum, cherry, pear) and berry bushes. Due to the current condition of the property, it is not safe to walk through the house and the property is being sold "As-Is, Where-Is) with no representations or warranties regarding its condition or potential uses.

Property Score

76/ 100

Overall Property Score

great

A blend of both buyer and investor metrics.

Score breakdown

Walkability

65/100good

Score based on neighborhood density, downtown proximity, and walkable amenities.

Transit Access

70/100great

GO Transit, LRT, and bus access from this neighborhood.

Schools

70/100great

Based on local school rankings (Fraser Institute proxy).

Affordability

66% of city avggreat

Priced below Hamilton's average of $765,000.

Appreciation Trend

+1.8%/yrgreat

Hamilton has seen +1.8% YoY price change.

Monthly Cash Flow

+$722/mogood

Estimated $722/mo at 20% down, 5% rate, 25-yr amortization.

Cap Rate

7.33%excellent

Net operating income divided by purchase price.

Basement Suite Potential

+$1,440/moexcellent

Existing/legal suite estimated at $1,440/mo additional income.

Move-In Ready

Avggreat

Estimate. Use the listing description and photos to assess actual condition.

MLS^® # X13027680

Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.

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