Reel thumbnail
171 days on Market

657 King St, Hamilton, Ontario L8N 1E5

Detached
9
5
- sqft
$2,000,000
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Detached
9
5
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$8,589/mo

Tax Amount (2024)$6,500/yr

Days On Market171 days


Description

Hamilton's downtown is thriving, often compared to Brooklyns vibrant resurgence! Investors looking for high rental income and a landmark development opportunity will find it at 657, 659, and 663 King Street East, Hamilton ,two buildings with three 911 addresses being sold together . Zoned TOC1, these sites offer potential for a 12-story mixed-use commercial and residential project featuring 64 luxury condos. Located just 100 meters from a planned LRT station, the combined land parcel spans approximately 8,102 square feet on bustling King Street/Wentworth Street, with 74.9 feet of frontage, 110 feet of depth, and a convenient rear exit. This site is ideal for luxury condos, senior-friendly housing, student accommodations, or a bar and restaurant to meet strong market demand. Currently, the buildings include 16 apartments and a popular bar on the main floor. Buyers are encouraged to conduct due diligence regarding zoning, usage, and development potential, as the properties are sold as-is. Viewings are by appointment only. The listing price is negotiable, and the seller is open to a Vendor Take-Back mortgage, temporary property management post-sale, and development consulting. Don't miss out on this prime investment opportunity in Hamilton's dynamic downtown!


Property Details

Style3-Storey
View-
Age of property-
SqFt-
Lot Size-
Parking Spaces15
MLS ®NumberX10423397
Community NameLandsdale
Data SourceTRREB
Listing byRIGHT AT HOME REALTY

Features

Heating: Forced Air
Basement: Other

Parking

Garage spaces -

Garage type -

Total parking spaces 15


Property History

Nov 13, 2024
ListedActive
$2,000,000
171 days on market
history photo preview34
Listing by trreb®
Property listed by RIGHT AT HOME REALTY, Brokerage

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Market Data - Landsdale

Geo Zone Map ThumbnailLandsdale

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

38 days

Compared to

2024

60 days

2023

17 days

2022

17 days

New Listings

Past 30 days

15 listings

Compared to

2024

14 listings

2023

9 listings

2022

16 listings

Units sold

Past 30 days

4 units

Compared to

2024

8 units

2023

8 units

2022

7 units

Median Sold Price

Past 30 days

$550,000

Compared to

2024

$611,000

2023

$578,750

2022

$690,000


Population and Demographics

Overview

Total population 6097
Average household income $82,643

Age (%)

20 to 34
29%
0 to 19
20%
35 to 49
19%
50 to 64
18%
65 and plus
13%

Household composition (%)

Single family
48%
Single person
42%
Multi person
9%
Multi family
1%

Mother tongue (%)

English
76%
Portuguese
6%
Spanish
3%
Vietnamese
2%
Arabic
2%
Others
2%
French
2%
Somali
2%
Tagalog (Pilipino, Filipino)
1%

House tenancy (%)

Renters
67%
Owners
33%

Schools and amenities

Estimated Budget