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657 KING Street E
Hamilton Ontario L8N1E5 Canada

$2,000,000

Active Listing ID 40677424
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Single Family

$2,000,000

Active Listing ID 40677424
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657 KING Street E 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:203)

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Property Features

  • Facts
  • Property Sub-type: Single Family
  • Features
  • Cooling System: None
  • Exterior Finish: Brick
  • Heating Systems: Hot water radiator heat
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 11/28/2024 5:45:45 PM GMT
Source Updated Date: 12/11/2024 10:56:46 PM GMT

Courtesy of: Youming Zhao, Salesperson, Right At Home Realty