For Sale · Hamilton · Retail

$2,250,000

249-255 KING Street E, Hamilton

8,852

Sq Ft

About This Home

The details.

Turnkey mixed-use investment opportunity in the heart of downtown Hamilton. Situated on a prominent corner at King St E and Ferguson Ave N, this fully tenanted asset offers a blend of stable residential income and high-exposure commercial frontage. The property features two ground-floor commercial units and six residential apartments (1- and 2-bedroom units). Fully leased at market rents with a favourable tenant structure, providing consistent cash flow from a diversified income base. Located in a high-traffic, rapidly evolving corridor with excellent walkability and transit access, this is an ideal opportunity for investors seeking a stable, long-term asset in a prime urban location. (id:66635)

Summarizing the highlights...

MLS® 40818294Listing courtesy of City BrokerageView on map Street view

Property Details

Facts & features.

Property type: Retail
Ownership: Freehold
Size: 8,852 sqft
Lot size: 0.13 acres
Storeys: 3
Listed on: 2026-04-17
Days on market: 89
MLS number: 40818294
Data source: Cornerstone Association of REALTORS®

July Value

What this home is worth.

Calculating a July Value estimate...

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$10,523

$1,800,000 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$10,523

Cash flow

-$10,523

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Hamilton right now

506

Active listings

642

New this week

$667,900

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Hamilton.

Household and demographic stats for Hamilton, from the Statistics Canada 2021 Census.

569,353
Population (2021): 40.8
Median age: 222,810
Households: 2.5
Avg household size: 65.7%
Home ownership: $86,000
Median household income

Hamilton market trends

The immediate block around this home (right here): about 925 residents in 659 homes, 8,818 people/km² (dense urban).

Source: Statistics Canada 2021 Census, Hamilton, City, Ontario; block-level figures from dissemination area 35250467.

Schools

Nearby schools.

K-12 schools closest to this home, with straight-line distances.

Rebecca Street Alternative Education Secondary School
public · secondary
160 m
Dr. J. Edgar Davey (New) Elementary Public School
public · elementary
390 m
St. Patrick Catholic Elementary School
catholic · elementary
510 m
Immigrants Working Centre - IWC Academy
independent · secondary
610 m
Southern Ontario Collegiate
independent · secondary
610 m
Cathedral High School
catholic · secondary
670 m

Source: Statistics Canada, Open Database of Educational Facilities. Distances are straight-line, not walking routes. Catchment boundaries change; always confirm with the school district.

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Rental Market

Renting nearby.

Active rentals close to this home, for rent-versus-buy context and investors sizing up cash flow.

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.