663 King Street E Hamilton, Ontario L8N 1E5
$2,000,000
Hamilton downtown is thriving, often compared to Brooklyns 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 dynamic downtown! (id:50886)
Property Details
| MLS® Number | X10423388 |
| Property Type | Multi-family |
| Community Name | Landsdale |
| ParkingSpaceTotal | 15 |
Building
| BathroomTotal | 6 |
| BedroomsAboveGround | 9 |
| BedroomsTotal | 9 |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| ConstructionStatus | Insulation Upgraded |
| ExteriorFinish | Brick Facing |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| Type | Other |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 110 Ft |
| SizeFrontage | 25 Ft |
| SizeIrregular | 25 X 110 Ft |
| SizeTotalText | 25 X 110 Ft |
https://www.realtor.ca/real-estate/27648876/663-king-street-e-hamilton-landsdale-landsdale
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Youming Zhao
Salesperson
5111 New Street Unit 104
Burlington, Ontario L7L 1V2
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December 16 2024 03:07:27
Toronto Real Estate Board
Right At Home Realty