663 KING ST E

Multi-family For Sale in Hamilton, Ontario

$3,990,000

Hamilton's downtown development is thriving, drawing comparisons to the vibrant Brooklyn! If you're interested in investing in a property that offers excellent rental cash flow and the potential to become a new downtown landmark, there's a rare opportunity that includes 657, 659, and 663 King Str East in Hamilton (These three must be sold together at asking price $3.99 Million) . These properties present the potential for a 12-story mixed-use commercial/residential building with 64 luxurious condominiums under current TOC1 zoning. Conveniently located on the proposed LRT route, the combined land area is approximately 8,102.16 square feet. Positioned on the bustling King Street/Wentworth Street, the properties feature 74.9 feet of frontage, extending 110 feet in depth, and offer a convenient backyard exit route. Currently, the buildings house 16 apartmts and a popular bar on the main floor. Buyers need to conduct their due diligence as it will be sold as-is. The listing prices**** EXTRAS **** and open to the possibility of seller take-back mortgage reflect the seller's motivation for a quick sale, making it an excellent opportunity. Don't miss out on this chance to be a part of Hamilton's thriving downtown development. (id:4069)
Address 663 KING ST E
List Price $3,990,000
Property Type Multi-family
Type of Dwelling Multi-Family
Area Ontario
Sub-Area Hamilton
Lot Size Bldg=25 x 110 FT Sq. Ft.
MLS® Number X6092912
Listing Brokerage RIGHT AT HOME REALTY
Postal Code L8N1E5
Site Influences Public Transit, Recreation

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