$948,888 - 1316 King Street, Hamilton
Detached for Sale in Hamilton
Popular ListingNeighbourhood: Delta
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- MLS Number
- X13834820
- Property Type
- Detached
- Status
- active
- Days on Site
- 9
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Hamilton
- Lot Size
- 5,985 sqft
- Taxes (2026)
- $5,359
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Fabulous opportunity in the desirable Gage Park/Delta West neighbourhood! Welcome to this Fantastic 2,884 sf home with 3 self contained large apartments, set on a large 48ft x156ft lot. Beautifully updated over the last few years makes this property an excellent turnkey investment. An amazing Triplex also Zoned for Commercial Use. Enter the large main floor foyer and off the hallway find an independent office and 2-pc powder room perfect for anyone working from home, or as potential additional rental income for professional use. The main floor also features a 1-bedroom apartment with beautiful high ceilings, hardwood floors & stairs and gorgeous original restored gumwood trim wood details. The attractive spacious second-floor unit offers 2 large bedrooms and updated kitchen & bath, and an inviting large balcony off the second bedroom. On the third floor you come upon a 1-bedroom unit complete large open concept living & bedroom are with Juliette balcony and updated kitchen & bathroom. The basement offer access from main floor has well as a separate entrance to the side of the home and features large storage for tenants as well as other storage rooms for additional landlord use. The main basement area offers an additional laundry area and a large utility room with a 4-PC bathroom. Large 4 car driveway and detached oversized 2-car garage. 200amp breaker panel & electrical updates 2015. Plumbing updates 2015. Hi-Eff Furnace 2019. Hot water tank 2015. Insulation 2015. Some new window 2015. Basement waterproofing, weeping tile system, Delta MS foundation drainage board & sump pump in 2018. New 2nd floor deck floor 2023. Great Income with over 5% ROI. A fabulous opportunity not to miss.
Estimate your monthly payments for this property
Estimated Payment
$4,868.29/mo
Includes CMHC insurance ($26,474)
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 Delta
Delta 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 Delta
- •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
Delta 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.
1316 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 $380/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.
Detached Home Advantages
Detached homes in Hamilton are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Hamilton.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Delta
I know Delta well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $3,954 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.