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For saleMLS® X12732734

58 King Street E, Hamilton, ON L8N 1A6

Beasley · L8N 1A6

$850,000

$111 / sq ft

9 months on market

Total area
7,680 sf
Lot
20.54 × 138.58 ft

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About this property

Located in the heart of Downtown Hamilton, this prime investment opportunity at 58 King Street East features an 8,820 SF above-grade, four-storey mixed-use building situated on a vibrant block near Gore Park ready for new ownership vision. The property, which is being offered for sale by a court-appointed receiver on an "as-is where-is" basis and is fully vacant, offers high-yield potential through its flexible D2 (Downtown Mixed Use) zoning, allowing for retail, boutique offices, or residential conversion on the upper floors. Neither the Advisor nor the Receiver make any representations and/or warranties regarding any aspect of the Property, including but not limited to the size of the building, size of the land, building and environmental condition, zoning, and financial information. The Property will be sold on an "as-is where-is" basis.

Property details

Property

Property type
retail
Interior size
7,680 sq ft
Lot size
20.54 × 138.58 ft
Zoning
D2
Possession
Immediate

Interior

Heating
Gas Forced Air Closed
Cooling
No

Exterior & services

Sewer
Sanitary+Storm

Costs

List price
$850,000
Property taxes
$28,457 / year (2026)
Price per sq ft
$111

Listing

MLS® number
X12732734
Status
For sale
Listed
January 27, 2026
Days on market
281
Last updated
October 1, 2026
Listing brokerage
CUSHMAN & WAKEFIELD

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 44% of comparable retail listings in Beasley are asking less.

$1Median $949K$1.86M
This home
$111 / sq ft
Comparable median
$231 / sq ft

Based on 18 comparable active retail listings in Beasley. These are asking prices, not sale prices.

Mortgage estimate

Down payment7.1% · minimum $60,000
$60,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$4,368.05
Property tax (est.)
$2,371.41
Estimated monthly
$6,739

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$13,475
Total due on closing
$13,475

An estimate on the asking price of $850,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of CUSHMAN & WAKEFIELD. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$850,000

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