190 days on Market

657 King St, Hamilton, Ontario L8N 1E5

Detached
9
5
~5000 + sqft
$2,000,000
Get pre-qualifiedPowered by nesto
Buy with Wahi to get
Up to
$20,000Cashback
Detached
9
5
~5000 + sqft

Contact us about this property

Call

Highlights

Estimated ValueNot available

Price/Sqft$200/sqft

Est. Mortgage$8,589/mo

Tax Amount (2024)$6,500/yr

Days On Market190 days


Description

Downtown Hamilton is booming often likened to the vibrant resurgence of Brooklyn! Investors seeking high rental income and landmark development potential should consider 657, 659, and 663 King Street East, Hamilton a rare offering of two buildings with three municipal addresses sold together. Zoned TOC1, the properties present an exceptional opportunity to develop a 12-storey mixed-use commercial and residential project, with plans for 64 luxury condos. Situated just 100 meters from a planned LRT station, the combined land spans approximately 8,102 sq. ft. with 74.9 ft. frontage and 110 ft. depth, including convenient rear access. Ideal for luxury condominiums, senior-friendly housing, student residences, or a trendy bar/restaurant to meet strong market demand. The existing buildings include 16 rental apartments and a well-known bar on the main level. Five newly renovated vacant units are ready for rent, and there s main-floor commercial space with a basement available for lease perfect for various business uses. Viewings are by appointment only. The listing price is negotiable, and the seller is open to offering a Vendor Take-Back mortgage, temporary property management post-sale, and development consulting. Don't miss this rare opportunity in Hamilton's dynamic downtown!


Property Details

Style3-Storey
View-
Age of property-
SqFt~5000 + 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 14, 2024
ListedActive
$2,000,000
190 days on market
history photo preview34
Listing by trreb®
Property listed by RIGHT AT HOME REALTY, Brokerage

Get up to 1% cashback when you buy your dream home with Wahi Cashback

Cashback Banner Image

A new way to buy a home that puts cash back in your pocket.

  • Our in-house Realtors do more deals and bring that negotiating power into your corner
  • We leverage technology to get you more insights, move faster and simplify the process
  • Our digital business model means we pass the savings onto you, with up to 1% cashback on the purchase of your home

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%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget