657, 659 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:47351)
Property Details
| MLS® Number | 40677424 |
| Property Type | Single Family |
| AmenitiesNearBy | Public Transit |
| Features | Southern Exposure, Corner Site, Balcony, Laundry- Coin Operated |
| ParkingSpaceTotal | 15 |
Building
| Appliances | Dryer, Water Meter, Gas Stove(s) |
| ArchitecturalStyle | 3 Level |
| BasementType | None |
| ConstructionStyleAttachment | Attached |
| CoolingType | None |
| ExteriorFinish | Brick |
| HeatingType | Hot Water Radiator Heat |
| StoriesTotal | 3 |
| Type | Apartment |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 110 Ft |
| SizeFrontage | 49 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Toc1 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|
https://www.realtor.ca/real-estate/27648726/657-659-king-street-e-hamilton
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November 14 2024 02:36:14
REALTORS® Association of Hamilton-Burlington
Right At Home Realty