657 King Street E Hamilton, Ontario L8N 1E5
$1,750,000
Rare Downtown Hamilton investment & redevelopment opportunity! 657, 659 & 663 King St E comprise TWO buildings with three municipal addresses: 657/659 form one building and 663 is the second. Each building is listed at $1.75M; however, SELLER REQUIRES BOTH BUILDINGS TO BE PURCHASED TOGETHER, for a combined asking price of $3.5M. Properties will not be sold separately. Zoned TOC1 and located approx. 100 metres from a planned LRT station, the combined site offers approx. 8,102 sq. ft. of land with 74.9 ft. frontage, 110 ft. depth and convenient rear access. Excellent redevelopment potential, with plans contemplating a 12-storey mixed-use commercial/residential development with approx. 64 luxury residential units, subject to all required approvals. The existing buildings offer immediate income potential with a total of 16 residential rental units plus a well-known main-floor bar. Five newly renovated vacant units are ready for leasing, providing an opportunity to increase rental income. Additional main-floor commercial space with basement is also available for lease and suitable for a variety of business uses. A rare opportunity combining existing rental income, commercial uses, transit-oriented location and significant long-term redevelopment potential in Hamilton's evolving downtown. Seller may consider a Vendor Take-Back (VTB) mortgage for qualified buyers and may also provide temporary property management assistance after closing and development consulting. Price and terms are negotiable. Showings strictly by appointment only. Don't miss this unique opportunity to acquire TWO adjoining buildings as one strategic investment! (id:43681)
房源概要
| MLS® Number | 40861599 |
| 房源类型 | 民宅 |
| 附近的便利设施 | 公共交通 |
| 特征 | Southern Exposure, Corner Site, 阳台, Laundry- Coin Operated |
| 总车位 | 15 |
详 情
| 家电类 | 烘干机, Water Meter, Gas 炉子(s) |
| 建筑风格 | Other |
| 地下室类型 | 没有 |
| 施工种类 | 附加的 |
| 空调 | 没有 |
| 外墙 | 砖 |
| 供暖类型 | Hot Water Radiator Heat |
| 储存空间 | 3 |
| 内部尺寸 | 8000 Sqft |
| 类型 | 公寓 |
| 设备间 | 市政供水 |
车 位
| Open |
土地
| 英亩数 | 无 |
| 土地便利设施 | 公共交通 |
| 污水道 | Sanitary Sewer |
| 土地深度 | 110 Ft |
| 土地宽度 | 49 Ft |
| 规划描述 | Toc1 |
房 间
| 楼 层 | 类 型 | 长 度 | 宽 度 | 面 积 |
|---|---|---|---|---|
https://www.realtor.ca/real-estate/30250066/657-king-street-e-hamilton
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
REALTORS® Association of Hamilton-Burlington
Right At Home Realty
September 09 2026 11:49:06
