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323-327 King Street E Hamilton, Ontario L8N 1C1

10242 sqft

$1,999,000

Fantastic construction-ready residential conversion! Permits are complete and set to be issued pending payment of fees! If you're looking for a profitable redevelopment project that is truly hammer-ready, this is it. Plans include retaining main floor commercial while developing 8 new residential units (5 X 2-bed, 3 X 1-bed). Take it a step further by dividing the main floor into smaller units for a higher PSF lease value. Situated steps from a future LRT station, this building has significant cashflow and appreciation value. If development isn't your thing, the existing structure is ready to lease in its current state as offices, retail, hospitality, etc. thanks to generous D2 zoning! Tremendous potential for investors, end-users, and developers alike. Clean Phase 1 Environmental on-hand. Plans, proforma, and additional information available upon request. This amount of usable square footage is incredibly rare on the LRT route. Don't miss this remarkable opportunity! (id:50886)

Property Details

MLS® Number 40660532
Property Type Office
AmenitiesNearBy Public Transit
CommunityFeatures High Traffic Area
Features Southern Exposure, Visual Exposure

Building

BasementType Full
ExteriorFinish Brick, Stone, Stucco
FoundationType Stone
StoriesTotal 3
SizeExterior 10242.0000
SizeInterior 10242 Sqft
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit
Sewer Sanitary Sewer
SizeDepth 103 Ft
SizeFrontage 40 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription D2 - Downtown Mixed Use - Pedestrian Focus

https://www.realtor.ca/real-estate/27526349/323-327-king-street-e-hamilton

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Martinus Geleynse
Salesperson


Sotheby's International Realty Canada, Brokerage
183 James St S - Unit# 1
Hamilton, Ontario L8P 3A8

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