657, 659 King Street E, Hamilton, Ontario L8N 1E5

URBAN 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:27476)

This property is being offered as a rare investment opportunity in Hamilton's thriving downtown development. With a total land size of approximately 8,102.16 square feet, the potential for a 12-story mixed-use commercial/residential building with 64 luxurious condominiums is on the table, all under current TOC1 zoning. The properties, located at 657, 659, and 663 King Street East, boast 74.9 feet of frontage and extend 110 feet in depth, offering a convenient backyard exit route. Currently, the buildings house 16 apartments and a popular bar on the main floor, but there is potential for much more.

Positioned on the proposed LRT route, these properties are drawing comparisons to the vibrant Brooklyn, making them an excellent opportunity for potential investors. However, buyers must conduct their due diligence regarding zoning, use, and development, as the properties are being sold as-is. To visit the properties, scheduling an appointment in advance is necessary. The seller's motivation for a quick sale is reflected in the listing price and openness to the possibility of a seller take-back mortgage, making this an enticing opportunity for those interested in being a part of Hamilton's downtown development.

The property is a freehold with a total of 10 parking spaces and a land size of 49.16 x 110, falling under 1/2 acre. Located at 657, 659 King Street East in Hamilton, Ontario, the property has a postal code of L8N1E5. It features an unfinished basement and is constructed in a detached style with a brick exterior finish. Heating is provided by natural gas and is of the forced air type. The property consists of 1.00 stories and is classified as a house.