Homula Realty Brokerage
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453 KING Street E, Hamilton, ON L8N 1C5

Commercial Retail
$729,000

This purpose-built, three-unit mixed-use property, including two spacious two-bedroom residential suites and one ground-floor commercial unit, offers a strong investment opportunity in a high-exposure location. Situated along a busy commercial corridor just steps from downtown Hamilton, the property benefits from excellent visibility, foot traffic, and strong surrounding amenities. The building features efficient, well-designed layouts with generous square footage, high ceilings, and large windows that allow for abundant natural light. Its flexible configuration and permitted uses make it suitable for a wide range of investors and potential end-users. This offering presents a compelling opportunity to acquire a mixed-use asset and future upside through rental optimization in an evolving urban corridor.

MLS number
X13055158
Type
Commercial Retail
Status
Active
Bedrooms
Bathrooms
Postal code
L8N 1C5
Photos
3
Property tax
$7,000 / year
137days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
St. Patrick Catholic Elementary School
Hamilton-Wentworth CDSB
Elementary74 m6.4 / 10
64% met the standard
Cathedral High School
Hamilton-Wentworth CDSB
Secondary234 m5.4 / 10
54% met the standard · 2 of 6 measures
Dr. J. Edgar Davey Elementary Public School
Hamilton-Wentworth DSB
Elementary642 m4.9 / 10
49% met the standard
Cathy Wever Elementary Public School
Hamilton-Wentworth DSB
Elementary864 m5.1 / 10
51% met the standard
Queen Victoria Elementary Public School
Hamilton-Wentworth DSB
Elementary989 m4.6 / 10
46% met the standard
George L Armstrong Public School
Hamilton-Wentworth DSB
Elementary1.3 km5.8 / 10
58% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 637 people.

$34,000Median household income
16.7%Own their home
1.4%Detached houses
42.8Median age
41.3%Born outside Canada
9.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35250456 — the few blocks around this address, home to 637 people. It describes the area, not this property.

637Population
44.7Average age
1.7Household size
$42,800Average household income
$34,000Median household income
17%Own their home
83%Rent
14%Condominiums
41%Born outside Canada
10%University degree
$320,000Average home value
42%Low income
39%Never married
Under $5,0001%
$10,000 to $14,9994%
$15,000 to $19,9998%
$20,000 to $24,99919%
$25,000 to $29,99912%
$30,000 to $34,9995%
$35,000 to $39,9995%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9997%
$60,000 to $69,9998%
$70,000 to $79,9993%
$80,000 to $89,9993%
$90,000 to $99,9993%
$100,000 and over7%
$100,000 to $124,9994%
$125,000 to $149,9991%

Percentages are of the 365 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$145,800 · minimum here is $47,900
$3,227.85per month
Borrowed before insurance$583,200
Total borrowed$583,200
Interest over 25 years at 4.5%$385,156

If you rented it out

-$3,811.19per month out of pocket
Rent$0.00
Everything it costs to hold$3,811.19
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX ESCARPMENT REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.