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In-PersonVirtual Tour
$ 2,000,000
Est. payment /mo
Active
663 KING Street E Hamilton, ON L8N1E5
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision 141 - Lansdale
MLS® Listing ID 40677430
Property Sub-Type Freehold
Source Cornerstone - Hamilton-Burlington
Property Description
Downtown Hamilton is booming—often likened to the vibrant resurgence of Brooklyn! Investors seeking high rental income and landmark development potential should consider 657, 659, and 663 King Street East, Hamilton—a rare offering of two buildings with three municipal addresses sold together. Zoned TOC1, the properties present an exceptional opportunity to develop a 12-storey mixed-use commercial and residential project, with plans for 64 luxury condos. Situated just 100 meters from a planned LRT station, the combined land spans approximately 8,102 sq. ft. with 74.9 ft. frontage and 110 ft. depth, including convenient rear access. Ideal for luxury condominiums, senior-friendly housing, student residences, or a trendy bar/restaurant to meet strong market demand. The existing buildings include 16 rental apartments and a well-known bar on the main level. Five newly renovated vacant units are ready for rent, and there's main-floor commercial space with a basement available for lease—perfect for various business uses. Viewings are by appointment only. The listing price is negotiable, and the seller is open to offering a Vendor Take-Back mortgage, temporary property management post-sale, and development consulting. Don't miss this rare opportunity in Hamilton's dynamic downtown! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters,
Cooling None
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 14
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://www.youtube.com/watch?v=FZ4vshZY_k4
Listed by Right At Home Realty