663 King Street E Hamilton, Ontario L8N 1E5
$2,000,000
Hamilton’s downtown is thriving, often compared to Brooklyn’s vibrant resurgence! Investors looking for high rental income and a landmark development opportunity will find it at 657, 659, and 663 King Street East, Hamilton—two buildings with three 911 addresses being sold together. Zoned TOC1, these sites offer potential for a 12-story mixed-use commercial and residential project featuring 64 luxury condos. Located just 100 meters from a planned LRT station, the combined land parcel spans approximately 8,102 square feet on bustling King Street/Wentworth Street, with 74.9 feet of frontage, 110 feet of depth, and a convenient rear exit. This site is ideal for luxury condos, senior-friendly housing, student accommodations, or a bar and restaurant to meet strong market demand. Currently, the buildings include 16 apartments and a popular bar on the main floor. Buyers are encouraged to conduct due diligence regarding zoning, usage, and development potential, as the properties are sold as-is. Viewings are by appointment only. The listing price is negotiable, and the seller is open to a Vendor Take-Back mortgage, temporary property management post-sale, and development consulting. Don’t miss out on this prime investment opportunity in Hamilton’s dynamic downtown! (id:56248)
Property Details
| MLS® Number | 40677430 |
| Property Type | Multi-family |
| Neigbourhood | Beasley |
| Amenities Near By | Public Transit |
| Features | Laundry- Coin Operated |
| Parking Space Total | 14 |
Building
| Appliances | Microwave Built-in |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters |
| Stories Total | 3 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 110 Ft |
| Size Frontage | 25 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Toc1 |
https://www.realtor.ca/real-estate/27648735/663-king-street-e-hamilton
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December 29 2024 05:57:07
REALTORS® Association of Hamilton-Burlington
Right At Home Realty