80 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 Market80 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 Size5,500 SqFt(110 x 50)
Parking Spaces15
MLS ®NumberX10423397
Community NameLandsdale
Data SourceTRREB
Listing byRIGHT AT HOME REALTY

Features

Heating: Forced Air
Basement: Other

Features

Lot size: 5,500 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 15


Property History

Nov 14, 2024
ListedActive
$2,000,000
80 days on market
history photo preview34
Listing by trreb®
Property listed by RIGHT AT HOME REALTY, Brokerage

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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