657 King Street E,Hamilton, ON L8N 1E5
Hamilton, ON L8N 1E5
Description
Downtown Hamilton is boomingoften 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, Hamiltona 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’s main-floor commercial space with a basement available for leaseperfect 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!
Details
| MLS# | 40677424 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 181 |
| Listing Provided By | Right At Home Realty | Youming Zhao |
Features
| Zoning | TOC1 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8N 1E5 |
| Area | 14 Hamilton Centre |
| Subarea | 141 Lansdale |
| Community Name | 141 Lansdale |
| Listing VS Median (in 141 Lansdale) | |
Price: $2,000,000 low | high Med: $404,495 On site: 181 low | high Med: 41.500000 | |