663 KING Street E, Hamilton, Ontario

$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—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:23309)

Listing ID: 40677430
Property Type: Multi-family

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Details

Amenities Nearby: Public Transit
Features: Laundry- Coin operated
Ownership: Freehold
Parking Spaces: 14
Transaction: For sale
Zoning Description: TOC1

Building

Appliances: Microwave Built-in
BasementType: Full (Unfinished)
Basement Development: Unfinished
Cooling: None
Exterior Finish: Brick
Fireplace Present: False
Foundation: Block
Heating: Baseboard heaters
Heating Fuel: Natural gas
Stories Total: 3
Utility Water: Municipal water

Land

Amenities: Public Transit
Sewer: Municipal sewage system
Size Frontage: 25 ft

Listing provided by Right At Home Realty
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 663 KING Street E in Hamilton Ontario. It was last modified on November 13th, 2024. Contact the Bonnie & Ken Rossiter Team to schedule a viewing or to discover other Hamilton real estate for sale.

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