Space
Finished area and layout
- Living Area
- 2,000 sqft
- Above Grade
- 2,000 sqft (Other)
- Finished Breakdown
- Above 2,000 sqft
- Bedrooms
- 0
- Bathrooms
- 0
+7 more
$1,750,000
0
Bedrooms
0
Bathrooms
2,000 sqft
Living Area
24.76 x 110.44 ft
Lot
14
Parking
Property Snapshot
Key details for this listing
MLS #40861595
Property
Type, style and structure
- Type
- residential
- Style
About This Property
This 0-bedroom, 0-bathroom multi-family in Hamilton offers 2,000 sqft of living area on a 24.76 x 110.44 ft lot. 3 storeys. The property has lot dimensions of 24.76 x 110.44 FT. The home features baseboard heaters, natural gas heating, none, a unfinished, full basement.
MLS Remarks
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:60351)
Full Listing Details
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