$1,999,000
Available - For Sale
Listing ID: X10403957
323-327 KING St East , Hamilton, L8N 1C1, Ontario
| Huge price reduction - priced to move! Fantastic construction-ready residential conversion! Permits are complete and set to be issued pending payment of DCs and Parkland 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: | $23921.00 |
| Assessment: | $641000 |
| Assessment Year: | 2021 |
| 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 |
| Total Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Soil Test: | Envirn Audit |
| Water: | Municipal |
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| Sotheby's International Realty Canada, Brokerage |
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Simon Huang
Broker
Bus:
905-241-2222
Fax:
905-241-3333
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At a Glance:
| Type: | Com - Land |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Beasley |
| Lot Size: | 39.89 x 103.44(Feet) |
| Tax: | $23,921 |
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