657 KING STREET E

Hamilton (Landsdale), Ontario, L8N1E5, Canada

$2,000,000

Hamilton's downtown is thriving, often compared to Brooklyns 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!

Last updated on : Wednesday 13th of November 2024 11:07:45 PM

ADDRESS

Street : 657 KING STREET E

City : Hamilton (Landsdale)

Province : Ontario

Country : Canada

Postal Code : L8N1E5

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PROPERTY SUMMARY

Property ID : X10423397

Building Type : House, Detached

Property Type : Single Family

Bedrooms : 9

Bathrooms : 5

Parking : 15

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