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    For Sale - 657 King Street, Hamilton, Ontario

    Est payment $8,403/mo
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    Views   1
    Time on Jump  25 day

    AI Summary *

    • Two adjacent buildings in Downtown Hamilton for a combined investment opportunity.
    • Zoned TOC1, ideal for redevelopment with potential for 64 new residential units.
    • Great location near a planned LRT station with easy rear access.
    • Currently generating income with 16 residential units and commercial space.
    • Renovated vacant units ready for leasing to increase rental income.




    Rare downtown hamilton investment & redevelopment opportunity! 657, 659 & 663 king st e comprise two buildings with three municipal addresses: 657/659 form one building and 663 is the second. Each building is listed at $1. 75m; however, seller requires both buildings to be purchased together, for a combined asking price of $3. 5m. Properties will not be sold separately. Zoned toc1 and located approx. 100 metres from a planned lrt station, the combined site offers approx. 8,102 sq. Ft. Of land with 74. 9 ft. Frontage, 110 ft. Depth and convenient rear access. Excellent redevelopment potential, with plans contemplating a 12-storey mixed-use commercial/residential development with approx. 64 luxury residential units, subject to all required approvals. The existing buildings offer immediate income potential with a total of 16 residential rental units plus a well-known main-floor bar. Five newly renovated vacant units are ready for leasing, providing an opportunity to increase rental income. Additional main-floor commercial space with basement is also available for lease and suitable for a variety of business uses. A rare opportunity combining existing rental income, commercial uses, transit-oriented location and significant long-term redevelopment potential in hamilton's evolving downtown. Seller may consider a vendor take-back (vtb) mortgage for qualified buyers and may also provide temporary property management assistance after closing and development consulting. Price and terms are negotiable. Showings strictly by appointment only. Don't miss this unique opportunity to acquire two adjoining buildings as one strategic investment!
    Listing IDX13758754
    Address657 King Street
    CityHamilton, Ontario
    Price$1,750,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air Closed

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    Listing Brokerage: RIGHT AT HOME REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    657 King Street
    Hamilton , Ontario
    $1,750,000
    Get more info