Maximum 4 project can be compared at one go.
$2,000,000
Status: For Sale
Hamilton's 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, three properties 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!
| Price | : $2,000,000 |
|---|---|
| Property Taxes | :$6500.00 |
| Tax Year | :2024 |
|---|
| Bedrooms | :9 + |
|---|---|
| No. of Rooms | :20 |
| Air Conditioning | :None |
| Heating | :Forced Air |
| Place of Worship | :No |
| Cross Street | :King Street /Wentworth |
| Bathrooms | :5 |
|---|---|
| Fuel | :Gas |
| Exterior Finish | :Brick Front |
|---|---|
| Parking Space | :15 |
| Basement | :Other |
| Garage | :None |
|---|
13 Nov, 2024
TREB #X10423397
Listed
$2000000.0
