Address
663 King Street E, Hamilton (Landsdale), ON
Price
$ 1,750,000
Property Attributes
- ID#X13758572
- TypeSingle Family
- Listing Status Active
- MunicipalityHamilton (Landsdale)
- CityHamilton (Landsdale)
- AreaLandsdale
- NeighbourhoodLandsdale
- Postal CodeL8N 1E5
- Style
- Price$ 1,750,000
- Bedrooms6
- Bathrooms5
- Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
Property Description
Rare Downtown Hamilton investment & redevelopment opportunity! 657, 659 & 663 King St E comprise TWO buildings with three municipal addresses: 657/659 form one building and 663 is the second. Each building is listed at $1.75M; however, SELLER REQUIRES BOTH BUILDINGS TO BE PURCHASED TOGETHER, for a combined asking price of $3.5M. Properties will not be sold separately.Zoned TOC1 and located approx. 100 metres from a planned LRT station, the combined site offers approx. 8,102 sq. ft. of land with 74.9 ft. frontage, 110 ft. depth and convenient rear access. Excellent redevelopment potential, with plans contemplating a 12-storey mixed-use commercial/residential development with approx. 64 luxury residential units, subject to all required approvals. The existing buildings offer immediate income potential with a total of 16 residential rental units plus a well-known main-floor bar. Five newly renovated vacant units are ready for leasing, providing an opportunity to increase rental income. Additional main-floor commercial space with basement is also available for lease and suitable for a variety of business uses. A rare opportunity combining existing rental income, commercial uses, transit-oriented location and significant long-term redevelopment potential in Hamilton's evolving downtown. Seller may consider a Vendor Take-Back (VTB) mortgage for qualified buyers and may also provide temporary property management assistance after closing and development consulting. Price and terms are negotiable. Showings strictly by appointment only. Don't miss this unique opportunity to acquire TWO adjoining buildings as one strategic investment! (id:7434)
General Features
| Features | Carpet Free |
|---|---|
| Property Type | Single Family |
| Zoning Description | TOC1 |
| CommunityName | Landsdale |
| Building Cooling Type | None, Window air conditioner |
| Location Description | Cross Streets: King / Wentworth st. ** Directions: From downtown along king street E. |
| Parking Space Total | 10 |
| Foundation Type | Unknown |
| Building Type | House |
| Ownership Type | Freehold |
| Building.StoriesTotal | 3 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Electric, Natural gas |
| Basement Development | Unfinished |
| Basement Type | N/A (Unfinished) |
| Construction Style Attachment | Detached |
| Living Area Range | 2500 |
| Bedrooms | 6 |
Exterior Features
| Sewer | Sanitary sewer |
|---|---|
| Exterior Finish | Brick |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in L8N 1E5
Price
In The Neighbourhood
Just Listed
Hamilton (Landsdale)
$ 475,000
- Type
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- Rooms
- 4 Beds + 2 Baths
RE/MAX ESCARPMENT REALTY INC.
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$ 399,000
- Type
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- Rooms
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ROCK STAR REAL ESTATE INC.
Hamilton (Landsdale)
$ 525,000
- Type
- Single Family
- Rooms
- 3 Beds + 1.5 Baths
RE/MAX ESCARPMENT REALTY INC.
Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating