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$ 2,000,000
Est. payment /mo
Active
663 King ST E Hamilton, ON L8N 1E5
9 Beds
6 Baths
UPDATED:
12/29/2024 06:42 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Subdivision Landsdale
MLS Listing ID X10423388
Style 3-Storey
Bedrooms 9
Annual Tax Amount $6,500
Tax Year 2024
Property Sub-Type Multiplex
Property Description
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!
Location
Province ON
County Hamilton
Community Landsdale
Area Hamilton
Rooms
Family Room No
Basement Unfinished
Kitchen 5
Interior
Interior Features Upgraded Insulation
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Front Yard Parking
Pool None
Waterfront Description None
Roof Type Flat
Lot Depth 110.0
Total Parking Spaces 15
Building
Foundation Concrete Block
Others
Virtual Tour https://youtu.be/8ZVcrmDOcDM
Listed by RIGHT AT HOME REALTY