Klaudia Zumer

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657 KING STREET E, Hamilton, Ontario

$2,000,000

9 Beds
5 Baths

Hamilton's 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, three properties 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: X10423397
Property Type: Single Family

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Details

Ownership: Freehold
Parking Spaces: 15
Transaction: For sale

Building

Bedrooms Main Level: 9
Construction Style Attachment: Detached
Exterior Finish: Brick Facing
Fireplace Present: False
Foundation: Concrete
Bathrooms (Total): 5
Heating: Forced air
Heating Fuel: Natural gas
Stories Total: 3
Type: House
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 50 ft
Size Irregular: 50 x 110 FT

Listing provided by RIGHT AT HOME REALTY
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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 657 KING STREET E in Hamilton Ontario. It was last modified on November 14th, 2024. Contact Klaudia Zumer to schedule a viewing or to discover other Hamilton homes for sale.

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