$2,299,000 FOR SALE

Investment

Lot: 39.89 x 103.44 ftTotal Area: 9,597 ft2
2023 Taxes: $9,597

323-327 King St E
Hamilton, ON L8N 1C1 | Beasley

Fantastic Construction-Ready Residential Conversion! Permits Are Ready And Set To Be Issued Pending Fees! If You're Looking For A Profitable Redevelopment Project That Is Truly Hammer-Ready, This Is It. Plans Include Retaining Main Floor Commercial While Developing 8 New Residential Units (5 X 2-Bed, 3 X 1-Bed). Take It A Step Further By Dividing The Main Floor Into Smaller Units For A Higher Psf Lease Value. Situated Steps From A Future Lrt Station, This Building Has Significant Cashflow And Appreciation Value. If Development Isn't Your Thing, The Existing Structure Is Ready To Lease In Its Current State As Offices, Retail, Hospitality, Etc. Thanks To Generous D2 Zoning! Tremendous Potential For Investors, End-Users, And Developers Alike. Clean Phase 1 Environmental On-Hand. Plans, Proforma, And Additional Information Available Upon Request. This Amount Of Usable Square Footage Is Incredibly Rare On The Lrt Route. Don't Miss This Remarkable Opportunity!

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Listed By SOTHEBY`S INTERNATIONAL REALTY CANADA
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9055685
Last Updated Jul 27, 2024
Property Summary
Property Type Investment

More like this:
Category Retail
PIN 171680148
Legal Description Lt 5 Pl 214; Pt Lt 4, 6 Pl 214 As In Vm277370, S/T
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $9,597
Tax Type Annual
Directions/Cross Streets Wellington And King E
Neighbourhood Beasley
Area Hamilton
Price History
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Detailed Information
Freestanding Y
Lot 39.89 x 103.44 ft
Retail Area 3,944 ft2 divisible
Total Area 9,597 ft2
Air Conditioning Y
Basement Y
Garage Type Street
Heat Type Water Radiators
Sprinklers Part
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning D2 - Downtown Mixed Use - Ped. Focus
Seller Property Info Statement N

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