663 King Street E Hamilton, Ontario L8N 1E5
$2,000,000
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—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! (id:50584)
Property Details
| MLS® Number | 40677430 |
| Property Type | Multi-family |
| Neigbourhood | Beasley |
| AmenitiesNearBy | Public Transit |
| Features | Laundry- Coin Operated |
| ParkingSpaceTotal | 14 |
Building
| Appliances | Microwave Built-in |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| CoolingType | None |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 3 |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Municipal Sewage System |
| SizeDepth | 110 Ft |
| SizeFrontage | 25 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Toc1 |
https://www.realtor.ca/real-estate/27648735/663-king-street-e-hamilton
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November 14 2024 02:46:05
REALTORS® Association of Hamilton-Burlington
Right At Home Realty