Save

ImagesMap

Brick exterior with multiple windows

Transit Map. Detailing the Hamilton Light Rail Transit route and station locations

Additional content

Wood-finish flooring, exposed brick accents, recessed lighting, built-in bar, and booth seating

Paved parking area fronting a brick-clad structure with fire escape and metal-clad lower level

Aerial perspective featuring a residential area with varied architectural styles, tree-lined streets, and distant city structures

Multi-story building featuring blue glass facade, yellow vertical accents, multiple windowed units, and on-site parking

Additional content

PreviousNext

Go to image in carousel

Go to image in carousel

Go to image in carousel

Go to image in carousel

Go to image in carousel

Go to image in carousel

Go to image in carousel

Go to image in carousel

Go to image in carousel

Go to image in carousel

Go to image in carousel

Go to image in carousel

PreviousNext

Description

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:374)

Details

Features

Interior

Exterior

Parking

Utilities

Taxes

MLS Number: 40861595

Listing Provided By: Youming Zhao – (905) 807-9368

Right at Home Realty – (905) 637-1700