5488 sqft
Forced Air
$3,990,000
Hamilton's downtown development is thriving, drawing comparisons to the vibrant Brooklyn! If you're interested in investing in a property that offers excellent rental cash flow and the potential to become a new downtown landmark, there's a rare opportunity that includes 657, 659, and 663 King Street East in Hamilton. These properties present the potential for a 12-story mixed-use commercial/residential building with 64 luxurious condominiums under current TOC1 zoning. Conveniently located on the proposed LRT route with a station located approximately 100 meters away, which has been acquired by the LRT Transportation Authority. , the combined land area is approximately 8,102.16 square feet. Positioned on the bustling King Street/Wentworth Street, the properties feature 74.9 feet of frontage, extending 110 feet in depth, and offer a convenient backyard exit route. Currently, the buildings house 16 apartments and a popular bar on the main floor. Buyers need to conduct their due diligence regarding zoning, use, and development, as the properties are being sold as-is. To visit the properties, please schedule an appointment in advance. The listing price and open to the possibility of a seller take-back mortgage reflect the seller's motivation for a quick sale, making it an excellent opportunity for potential investors. Don't miss out on this chance to be a part of Hamilton's thriving downtown development. (id:57134)
Property Details
MLS® Number
|
H4165191 |
Property Type
|
Single Family |
Equipment Type
|
None |
Features
|
Paved Driveway |
Parking Space Total
|
10 |
Rental Equipment Type
|
None |
Building
Basement Development
|
Unfinished |
Basement Type
|
Full (unfinished) |
Construction Style Attachment
|
Detached |
Exterior Finish
|
Brick |
Foundation Type
|
Unknown |
Heating Fuel
|
Natural Gas |
Heating Type
|
Forced Air |
Stories Total
|
1 |
Size Exterior
|
5488 Sqft |
Size Interior
|
5488 Sqft |
Type
|
House |
Utility Water
|
Municipal Water |
Parking
Land
Acreage
|
No |
Sewer
|
Municipal Sewage System |
Size Depth
|
110 Ft |
Size Frontage
|
49 Ft |
Size Irregular
|
49.16 X 110 |
Size Total Text
|
49.16 X 110|under 1/2 Acre |
https://www.realtor.ca/real-estate/25660582/657-659-king-street-e-hamilton
Right At Home Realty
5111 New Street Unit 104
Burlington,
Ontario
L7L 1V2
(905) 637-1700