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 three must be sold together at an asking price of $3.99 million). 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, 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. (id:47423)
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Detailed Information
Lot
24 x 110 ft
Total Area
2,613 ft2
Equipment
None
Features
Paved driveway
Listing Contract Date
2023-06-01
Location Description
URBAN
Ownership Type
Freehold
# of Parking Spaces
10
Property Type
Single Family
Rental Equipment
None
Transaction Type
For sale
Building
Basement Type
None
Construction Style (Attachment)
Detached
Cooling Type
Wall unit
Exterior Finish
Brick
Foundation Type
Unknown
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1
Size (Exterior)
2613 square feet
Type
House
Utility Water
Municipal water
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
24.64 x 110 | under 1/2 acre
Sewer
Municipal sewage system
Size of Irregular Land
24.64 x 110
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