663 KING Street E Hamilton

663 KING Street E, Hamilton, Ontario

$2,000,000

Hamilton’s downtown is thriving, often compared to Brooklyn’s 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’s dynamic downtown! (id:23309)

  • Listing ID: 40677430
  • Property Type: Multi-family

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Details

  • Amenities Nearby: Public Transit
  • Features: Laundry- Coin operated
  • Ownership: Freehold
  • Parking Spaces: 14
  • Transaction: For sale
  • Zoning Description: TOC1

Building

  • Appliances: Microwave Built-in
  • BasementType: Full (Unfinished)
  • Basement Development: Unfinished
  • Cooling: None
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Foundation: Block
  • Heating: Baseboard heaters
  • Heating Fuel: Natural gas
  • Stories Total: 3
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit
  • Sewer: Municipal sewage system
  • Size Frontage: 25 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 13th, 2024. Contact Carolyn Rouse to schedule a viewing or to discover other Hamilton real estate for sale.

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