323-327 King Street E Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8N 1C1
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 10,242 sqft
Price per Sqft $195
MLS Listing ID 40660532
Abv Grd Liv Area 10,242
Originating Board Oakville
Annual Tax Amount $23,921
Property Description
Fantastic construction-ready residential conversion! Permits are complete and set to be issued pending payment of fees! If you're looking for a profitable redevelopment project that is truly hammer-ready, this is it. Plans include retaining main floor commercial while developing 8 new residential units (5 X 2-bed, 3 X 1-bed). Take it a step further by dividing the main floor into smaller units for a higher PSF lease value. Situated steps from a future LRT station, this building has significant cashflow and appreciation value. If development isn't your thing, the existing structure is ready to lease in its current state as offices, retail, hospitality, etc. thanks to generous D2 zoning! Tremendous potential for investors, end-users, and developers alike. Clean Phase 1 Environmental on-hand. Plans, proforma, and additional information available upon request. This amount of usable square footage is incredibly rare on the LRT route. Don't miss this remarkable opportunity!
Location
Province ON
County Hamilton
Area 14 - Hamilton Centre
Zoning D2 - Downtown Mixed Use - Pedestrian Focus
Direction Immediately east of Wellington Street North on the north side of King Street East
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Waterfront No
Lot Frontage 39.89
Lot Depth 103.44
Garage No
Building
Lot Description City Lot,High Traffic Area,Public Parking,Public Transit,Visual Exposure
Faces Immediately east of Wellington Street North on the north side of King Street East
Story 3
Foundation Concrete Perimeter,Stone
Sewer Sanitary
Water Municipal-Metered
Structure Type Stone,Stucco
New Construction No
Others
Senior Community No
Tax ID 171680148
Ownership Freehold/None