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$ 1,750,000
Est. payment /mo
New
663 KING ST E Hamilton, ON L8N 1E5
6 Beds
5 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Landsdale
MLS Listing ID X13758572
Style 3-Storey
Bedrooms 6
Annual Tax Amount $6,500
Tax Year 2025
Property Sub-Type Detached
Property 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!
Location
State ON
County Hamilton
Area Hamilton
Zoning TOC1
Rooms
Basement Unfinished
Kitchen 6
Interior
Interior Features Carpet Free
Cooling None, Window Unit(s)
Exterior
Parking Features None
Pool None
Roof Type Unknown
Total Parking Spaces 10
Building
Foundation Unknown
Others
Virtual Tour https://www.youtube.com/watch?v=8ZVcrmDOcDM
Lited by RIGHT AT HOME REALTY