$1,999,000 FOR SALE

Office

Lot: 40 x 103 ft

323-327 King Street E
Hamilton, ON L8N 1C1

Fantastic construction-ready residential conversion! Permits are complete and set to be issued pending payment of 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! (id:47423)

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Listed By Sotheby's International Realty Canada, Brokerage
Data Provided By The Oakville, Milton & District Real Estate Board
MLS® Listing Number 40660532
Last Updated Oct 10, 2024
Property Summary
Property Type Office

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Subdivision 140 - Beasley
Price History
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Detailed Information
Lot 40 x 103 ft
Amenities Nearby Public Transit
Community Features High Traffic Area
Features Southern exposure, Visual exposure
Listing Contract Date 2024-10-09
Location Description Immediately east of Wellington Street North on the north side of King Street East
Ownership Type Freehold
Property Type Office
Transaction Type For sale
Zoning Description D2 - Downtown Mixed Use - Pedestrian Focus
Building
Basement Type Full
Exterior Finish Brick, Stone, Stucco
Foundation Type Stone
Stories Total 3
Size (Exterior) 10242
Utility Water Municipal water
Land
Total Size under 1/2 acre
Amenities Public Transit
Sewer Sanitary sewer

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