69 days on Market

663 King St, Hamilton, Ontario L8N 1E5

Townhouse
9
6
- sqft
$2,000,000
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Townhouse
9
6
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$8,589/mo

Tax Amount (2024)$6,500/yr

Days On Market69 days


Description

Hamilton 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 dynamic downtown!


Property Details

Style3-Storey
View-
Age of property-
SqFt-
Lot Size2,750 SqFt(110 x 25)
Parking Spaces15
MLS ®NumberX10423388
Community NameLandsdale
Data SourceTRREB
Listing byRIGHT AT HOME REALTY

Features

Heating: Forced Air
Basement: Unfinished

Features

Lot size: 2,750 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 15


Property History

Nov 13, 2024
ListedActive
$2,000,000
69 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