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$ 2,000,000
Est. payment /mo
Active
663 King ST E Hamilton, ON L8N 1E5
9 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Landsdale
MLS Listing ID X10423388
Style 3-Storey
Bedrooms 9
Annual Tax Amount $6,500
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Downtown Hamilton is booming often likened to the vibrant resurgence of Brooklyn! Investors seeking high rental income and landmark development potential should consider 657, 659, and 663 King Street East, Hamilton a rare offering of two buildings with three municipal addresses sold together. Zoned TOC1, the properties present an exceptional opportunity to develop a 12-storey mixed-use commercial and residential project, with plans for 64 luxury condos. Situated just 100 meters from a planned LRT station, the combined land spans approximately 8,102 sq. ft. with 74.9 ft. frontage and 110 ft. depth, including convenient rear access. Ideal for luxury condominiums, senior-friendly housing, student residences, or a trendy bar/restaurant to meet strong market demand. The existing buildings include 16 rental apartments and a well-known bar on the main level. Five newly renovated vacant units are ready for rent, and there is main-floor commercial space with a basement available for lease perfect for various business uses. Viewings are by appointment only. The listing price is negotiable, and the seller is open to offering a Vendor Take-Back mortgage, temporary property management post-sale, and development consulting. Don't miss this rare opportunity in Hamilton's dynamic downtown!
Location
State ON
County Hamilton
Community Landsdale
Area Hamilton
Rooms
Family Room No
Basement Unfinished
Kitchen 5
Interior
Interior Features Upgraded Insulation
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Front Yard Parking
Pool None
Waterfront Description None
Roof Type Flat
Lot Frontage 25.0
Lot Depth 110.0
Total Parking Spaces 15
Building
Foundation Concrete Block
Others
Virtual Tour https://youtu.be/8ZVcrmDOcDM
Listed by RIGHT AT HOME REALTY