The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
The Ultimate Hamilton Hustle: Historical Charm Meets High-Yield Cash Flow. Looking for a turn-key asset that practically pays for itself from day one? Welcome to King Street West. This legally zoned, separately metered mixed-use duplex is serving pure historical character wrapped in completely modernized infrastructure. Pulling in $5,360.00 in combined monthly rent ($3,260.00 Commercial / $2,100.00 Residential), this is the definition of a smart, self-sustaining investment. Whether you want to sit back and collect the checks, live in the gorgeous upper loft while your main floor tenant covers the mortgage, or launch your own brick-and-mortar dream-the vibe here is unmatched. Ideally positioned next to Hess Village, upcoming McMaster student housing, and steps from Jackson Square and FirstOntario Centre with a fast two-minute drive to the 403. Completely renovated top-to-bottom, the building features a new roof, HVAC, skylight, eavestroughs, and an owned hot water tank. The main floor commercial space showcases soaring 12-foot tin ceilings, repointed exposed brick, new windows, electronic storefront locks, iron gating, and a rear bonus room with independent King Street access. Upstairs, a massive two-storey, one-bedroom residential loft easily convertible to two bedrooms boasts 10-foot ceilings, a spacious living area, a quartz kitchen, a private fenced patio, and secure parking via the rear alley. History, style, and serious revenue in one unbeatable package. Separately metered legal duplex. Note that the buyer is to verify HST allocation, and the commercial portion is in addition to the purchase price.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$3,404/mo
Mortgage (principal + interest)$2,802
Property taxFrom listing: $7,225/yr$602
Minimum $49,900 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$149,800
Ontario land transfer taxProvincial brackets, no first-time refund$11,455
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$164,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Hamilton has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
