657, 659 King Street E, Hamilton, Ontario

$3,990,000

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5,488

Square feet

About 657, 659 King Street E

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, 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:6289)

Features of 657, 659 King Street E

Listing # H4165191
Price $3,990,000
Bathrooms 0.00
Square Footage 5,488
Acres 0.00
Type Single Family
Sub-Type Freehold

Community Information

Address 657, 659 King Street E
City Hamilton
Province Ontario
Postal Code L8N1E5

Amenities

Features Paved driveway
Parking Spaces 10
Parking No Garage
Is Waterfront No
Has Pool No

Interior

Heating Natural gas Forced air
Fireplace No
# of Stories 1
Has Basement No

Exterior

Exterior Brick
Lot Description 49.16 x 110|under 1/2 acre
Foundation Unknown

Listing Details

OfficeRight At Home Realty

Listing Map

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