70 KING STREET E, Hamilton (Stoney Creek)

$3,550,000

For sale: Other

Other at 70 KING STREET E, Hamilton (Stoney Creek)
Property type
Office
Bedrooms / bathrooms
5 bathrooms
MLS®
MLS® X13607194
Neighbourhood
Stoney Creek

Freestanding Medical Building for Sale, fully occupied with long term leases. Discover a rare opportunity to own a high-performing, fully tenanted medical building in the heart of Hamilton's Stoney Creek area. 70 King St E is an 8,000 sq ft, free-standing, purpose-built medical building with long-term healthcare tenants, excellent street exposure, and strong income performance. Strong Tenant Mix - Pharmacy, Family Medicine/Clinic, Cardio Clinic, Cardiac Lab, RMT, Chiropractic, Podiatry, Chiropody & much more. Stoney Creek's Historic Landmark is for Sale - Spent over $$$s to improve the building facade and interior to truly setup a medical centre/building. This medical building generates 7% plus cap rate and consistent income. Onsite parking at the rear of the building. Fully leased out with long term leases with strong revenue stream!

Sold data

Homes in Hamilton (Stoney Creek) — recent sold market

Homes in Hamilton (Stoney Creek) took a median of 29 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 56, across 1,265 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 49 days.

The median sale price was $685,000.

Homes sold for about 3.0% below asking on average, so there was room to negotiate.

About 12% of sales closed above the list price.

Around 28% of sellers reduced their price before finding a buyer.

Median days to sell
29
Median sale price
$685,000
Sale-to-list ratio
97.0%
Sold above asking
12%

Based on 1,265 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Hamilton (Stoney Creek)

Hamilton (Stoney Creek) has 130 Fraser Institute–rated schools (108 elementary and 22 secondary), averaging 5.6/10.

Rated schools
130
Elementary
108
Secondary
22
Average rating
5.6 / 10

Top-rated schools in Hamilton (Stoney Creek)

  • Corpus Christi — elementary, HamiltonFraser rating 10.0/10
  • Norwood Park — elementary, HamiltonFraser rating 8.4/10
  • Pope John Paul II — elementary, HamiltonFraser rating 8.0/10
  • Our Lady of Lourdes — elementary, HamiltonFraser rating 7.3/10
  • Westmount — secondary, HamiltonFraser rating 7.3/10
  • Sacred Heart — elementary, HamiltonFraser rating 7.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 70 KING STREET E