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$1,999,000
Available - For Sale
Listing ID: X9390970
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
Tax Type: Annual
Occupancy by: Vacant
Address: 323 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: 38.89 x 103.44 (Feet)
Directions/Cross Streets: King And Wellington
Zoning: D2 - Downtown Mi
Category: Apartment
Building Percentage: Y
Total Area: 10,242
Total Area Code:  Sq Ft
Office/Appartment Area: 6146
Office/Appartment Area Code: Sq Ft
Retail Area: 4148
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Heat Type: Radiant
Central Air Conditioning: Y
Sewers: Sanitary
Water: Municipal
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SOTHEBY`S INTERNATIONAL REALTY CANADA

323 King St East , Hamilton, L8N 1C1, Ontario


 
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Type: Com - Investment
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Beasley
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Lot Size: 38.89 x 103.44(Feet)
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Tax: $23,921
Maintenance Fee: $0
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