$599,900 - 252 King Street, Hamilton
Multi-Family for Sale in Hamilton
41 days on market- MLS Number
- X13086962
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 41
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- ROYAL LEPAGE STATE REALTY
Exceptional Legal Duplex in the heart of downtown Hamilton, perfectly positioned with close proximity to the TD Coliseum, along public transit, major highways, & close to schools, shopping, and a vibrant culinary scene. This versatile property presents an outstanding opportunity for investors or buyers seeking an owner-occupied residence with additional income potential. The front entry is gated and thoughtfully designed to allow for seamless and secure access to both units. This duplex blends character with modern updates throughout. The main floor unit showcases updated windows, stylish flooring, neutral tones, and elegant lighting finishes complemented by custom touches. A beautifully preserved exposed brick wall throughout both units adds warmth and charm, perfectly balancing vintage appeal & contemporary design. The spacious, well-designed layout offers a seamless flow, enhancing everyday living. The main floor unit also features a generous primary bedroom with a secondary entrance that conveniently accesses the rear driveway parking. The eat-in kitchen is both functional and sleek, complete with stainless steel appliances, custom cabinetry, & modern wood countertops. An additional office space offers flexibility & can easily be converted into a formal dining area. The second-floor unit (Unit #2) offers a bright, efficient layout with laminate flooring throughout & a thoughtfully designed floor plan. Two well-sized bedrooms feature large windows. This unit includes both front and rear entrances for added convenience, a spacious kitchen, a modern bathroom & a living area. The kitchen features granite countertops and includes appliances. The lower-level basement has been well maintained and perfect for storage. Access from outside privilege to basement. Each unit has a private rear deck for relaxation & steps down to driveway parking. A rare opportunity in a prime downtown location-ideal for maximizing rental income or buyers seeking a beautifully restored home.
Estimate your monthly payments for this property
Estimated Payment
$3,077.80/mo
Includes CMHC insurance ($16,737)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Hamilton
Hamilton is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Hamilton
- •Convenient location in Hamilton
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Hamilton offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
252 King Street, Hamilton
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $400/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 41 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Investment Perspective
Looking at this as an investment: Hamilton properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.