657, 659 King Street E Hamilton, Ontario L8N 1E5
$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, 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 reflects 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:40227)
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
| No Garage |
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
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5111 New Street Unit 104
Burlington, Ontario L7L 1V2
(905) 637-1700
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June 02 2023 01:07:53
REALTORS® Association of Hamilton-Burlington
Right At Home Realty