Melissa Cherry

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663 KING STREET E, Hamilton, Ontario

$2,000,000

9 Beds
6 Baths

Hamilton 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, 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 dynamic downtown! (id:23309)

Listing ID: X10423388
Property Type: Multi-family

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Details

Parking Spaces: 15
Transaction: For sale

Building

BasementType: N/A (Unfinished)
Basement Development: Unfinished
Bedrooms Main Level: 9
Constructed Status: Insulation upgraded
Exterior Finish: Brick Facing
Fireplace Present: False
Foundation: Block
Bathrooms (Total): 6
Heating: Forced air
Heating Fuel: Natural gas
Stories Total: 3
Type: Other
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 25 ft
Size Irregular: 25 x 110 FT

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 663 KING STREET E in Hamilton Ontario. It was last modified on November 14th, 2024. Contact Melissa Cherry to schedule a viewing or to discover other Hamilton real estate for sale.

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