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For saleMLS® X14104950

571-575 KING Street E, Hamilton, ON L8L 5N3

Landsdale · L8L 5N3

$1,489,000

$269 / sq ft

2 weeks on market

Total area
5,544 sf
Lot
49 × 0 ft

What's special

  • Outside/surface garage
  • Partial

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About this property

Significantly renovated mixed-use investment property on Hamilton's future LRT corridor! Offering 5,544 sq. ft. above grade, this exceptionally well-maintained, two-storey building underwent an extensive, near-total renovation in 2019-2020 and features three 1-bedroom residential apartments and three ground-floor retail storefronts, two of which are currently combined into one commercial unit. A full, usable basement provides substantial additional storage, while a rear fire escape adds further functionality. Offered at an attractive 6.2% cap rate, reflecting the significant capital investment already undertaken, this is an opportunity to acquire a substantially improved asset with diversified residential and commercial income. Situated on King Street East, directly along the planned Hamilton LRT route, the property is exceptionally well positioned to benefit from future transit investment, neighbourhood revitalization, and long-term growth. An appealing opportunity for investors seeking quality construction, current income, and meaningful future upside.

Property details

Property

Property type
retail
Interior size
5,544 sq ft
Zoning
TOC1
Possession
Flexible

Interior

Heating
Gas Forced Air Closed
Cooling
Partial

Exterior & services

Garage
Outside/Surface
Sewer
Sanitary+Storm

Costs

List price
$1,489,000
Property taxes
$11,553 / year (2025)
Price per sq ft
$269

Listing

MLS® number
X14104950
Status
For sale
Listed
October 22, 2026
Days on market
14
Last updated
October 27, 2026
Listing brokerage
Corcoran Horizon Realty

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 above most comparable listings — about 78% of comparable retail listings in Landsdale are asking less.

$492KMedian $730K$2.04M
This home
$269 / sq ft
Comparable median
$219 / sq ft

Based on 9 comparable active retail listings in Landsdale. These are asking prices, not sale prices.

Mortgage estimate

Down payment8.3% · minimum $123,900
$123,900
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$7,547.87
Property tax (est.)
$962.75
Estimated monthly
$8,511

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
$26,255
Total due on closing
$26,255

An estimate on the asking price of $1,489,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of Corcoran Horizon Realty. 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.

$1,489,000

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