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$1,999,000
Available - For Sale
Listing ID: X10403956
Fantastic construction-ready residential conversion! Permits are complete and set to be issued pending payment of 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!
Price $1,999,000
Taxes: $23,921
Assessment: $641000
Assessment Year: 2021
Occupancy by: Vacant
Address: 323-327 KING St East , Hamilton, L8N 1C1, Ontario
Postal Code: L8N 1C1
Province/State: Ontario
Legal Description: LT 5 PL 214; PT LT 4, 6 PL 214 AS IN VM2
Lot Size: 39.89 x 103.44 (Feet)
Directions/Cross Streets: Immediately east of Wellington Street North on the north side of King Street East
Zoning: D2 - Downtown Mi
Category: With Property
Total Area: 10,242
Total Area Code:  Sq Ft
Office/Appartment Area: 6094
Retail Area: 4148
Area Influences: Public Transit  
Water: Municipal
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Sotheby's International Realty Canada, Brokerage

323-327 KING St East , Hamilton, L8N 1C1, Ontario


 
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Type: Com - Sale Of Business
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Beasley
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Lot Size: 39.89 x 103.44(Feet)
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Tax: $23,921
Maintenance Fee: $0
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