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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.
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Details

1 Storey/Apartment Style — Brick, Brick Front 49.16 x 110.00 H4165191

Property

657, 659 King Street E
Hamilton, Ontario, Canada
1 Storey/Apartment Style
Brick, Brick Front
49.16 x 110.00
H4165191

Listing provided by

Right At Home Realty, Brokerage
REALTORS® Association of Hamilton-Burlington (RAHB)
June 1, 2023

Financial

For Sale
$3,990,000
$14,000 (2023)

Utilities

No
Gas
Forced Air
Municipal
Sewer

Rooms

0
0
N/A
Full

Parking

10.0
Front Yard,Right-of-Way,RV / Truck Parking,Surface
None
Elementary Schools
Secondary Schools
Day Care
Hospitals
Doctors
Dentists
Veterinarians
Pharmacies
Cinemas
Restaurants
Grocery Stores
Liquor, Beer & Wine
Fitness
Pools
Tennis Courts
Ice Rinks
Salon / Spa
Banks
Dry Cleaners
Car Wash
Attractions
Places of Worship
Medical Clinics
Recreation Centres
Area map Street view Amenities Walk score

Nearby Properties

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663 King Street E
For Sale — $1.00
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49 Proctor Boulevard
For Sale — $980,000
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25 Gladstone Avenue
For Sale — $639,900
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25 Gladstone Avenue
For Sale — $639,900
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