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$3,990,000
Available - For Sale
Listing ID: X6092912
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.
Price $3,990,000
Taxes: $6,000
Tax Type: Annual
Assessment: $276000
Assessment Year: 2022
Occupancy by: Tenant
Address: 663 King St East , Hamilton, L8N 1E5, Ontario
Postal Code: L8N 1E5
Province/State: Ontario
Legal Description: PT LT 2, PL 43 , AS IN VM71839, LYING
Lot Size: 25 x 110 (Feet)
Directions/Cross Streets: Wentworth/ King Str
Zoning: TOC1
Category: Apartment
Use: Apts-6 To 12 Units
Building Percentage: Y
Total Area: .06
Total Area Code:  Acres
Area Influences: Public Transit   Rec Centre
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Elevator Lift: None
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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CMHC/GE $ $ $ $
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Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RIGHT AT HOME REALTY

663 King St East , Hamilton, L8N 1E5, Ontario


 
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Type: Com - Investment
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Central
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Lot Size: 25.00 x 110.00(Feet)
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Tax: $6,000
Maintenance Fee: $0
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