$1,999,000 FOR SALE

Land

Lot: 38.89 x 103.44 ftTotal Area: 10,242 ft2
2024 Taxes: $23,921

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

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!

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Listed By SOTHEBY`S INTERNATIONAL REALTY CANADA
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9390950
Last Updated Oct 10, 2024
Property Summary
Property Type Land

More like this:
Use Residential
Category Designated
PIN 171680148
Legal Description Lt 5 Pl 214; Pt Lt 4, 6 Pl 214 As In Vm277370, S/T
Occupancy Vacant
Possession Date Flexible
Taxes (2024) $23,921
Tax Type Annual
Directions/Cross Streets King And Wellington
Neighbourhood Beasley
Area Hamilton
Price History
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Detailed Information
Freestanding Y
Lot 38.89 x 103.44 ft
Retail Area 4,148 ft2
Office/Apt Area 6,146 ft2
Total Area 10,242 ft2
Air Conditioning Y
Basement Y
Garage Type None
Heat Type Radiant
Area Influences Public Transit
Sewers Sanitary
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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