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657, 659 King Street E, Hamilton, Ontario
For Sale — $3,990,000
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 with a station located approximately 100 meters away, which has been acquired by the LRT Transportation Authority. 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.
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Details

Property

657, 659 King Street E
Hamilton, Ontario, Canada
49.16 X 110.00
H4165190

Listing provided by

Right At Home Realty, Brokerage
June 1, 2023

Financial

For Sale
$3,990,000
$14,000 (2023)

Location

N/A
Investment
Apts-6 To 12 Units
N/A
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Hamilton Real Estate

Daniel Ciccone
Sales Representative
Daniel Ciccone
Sales Representative

(905) 385-9200
(905) 385-9201

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Ciccone Real Estate, RE/MAX Real Estate Centre Inc.. Your Hamilton real estate experts. Call us today! (905) 385-9200. We're here to help you buying and selling houses, condos, commercial properties and more. Discover Hamilton neighbourhoods and nearby communities. Let us help you find your next home or investment.

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