323-327 King Street E Hamilton, Ontario L8N 1C1
$2,799,000
Fantastic construction-ready residential conversion! Permits are filed and set to be issued pending fees! If you're looking for a profitable redevelopment project that is truly hammer-ready, this is it. Plans include retaining main floor commercial while developing 8 new residential units (5 X 2-bed, 3 X 1-bed). Take it a step further by dividing the main floor into smaller units for a higher psf lease value. Situated steps from a future LRT station, this building has significant cashflow and appreciation value. If development isn't your thing, the existing structure is ready to lease in its current state as offices, retail, hospitality, etc. thanks to generous D2 zoning! Tremendous potential for investors, end-users, and developers alike. Clean Phase 1 Environmental on-hand. Plans, proforma, and additional information available upon request. This amount of usable square footage is incredibly rare on the LRT route. Don't miss this remarkable opportunity! (id:50964)
Property Details
| MLS® Number | 40368828 |
| Property Type | Other |
| Amenities Near By | Public Transit |
| Community Features | High Traffic Area |
| Features | Southern Exposure, Visual Exposure |
Building
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | Ductless |
| Exterior Finish | Brick, Stucco |
| Flooring Type | Hardwood |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Size Exterior | 10242.0000 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 103 Ft |
| Size Frontage | 40 Ft |
| Zoning Description | D2 - Downtown Mixed Use - Pedestrian Focus |
https://www.realtor.ca/real-estate/25217043/323-327-king-street-e-hamilton
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January 26 2023 09:05:22
Oakville, Milton & District Real Estate Board
Sotheby's International Realty Canada, Brokerage