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$ 2,000,000
Est. payment /mo
Active
657 KING ST East Hamilton, ON L8N1E5
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision 141 - Lansdale
MLS® Listing ID 40677424
Style 3 Level
Originating Board Cornerstone - Hamilton-Burlington
Property Sub-Type Freehold
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Extra Room 1 Main level Measurements not available Breakfast
Interior
Heating Hot water radiator heat
Cooling None
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 15
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Architectural Style 3 Level
Others
Ownership Freehold
Virtual Tour https://www.youtube.com/watch?v=FZ4vshZY_k4
Listed by Right At Home Realty