ON > Hamilton
Hamilton, ON L8N 1C1,323-327 King Street E
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Hamilton, ON L8N 1C1,323-327 King Street E
Hamilton, ON L8N 1C1,323-327 King Street E
Hamilton, ON L8N 1C1,323-327 King Street E
Hamilton, ON L8N 1C1,323-327 King Street E
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Ivan Gascho

Ivan Gascho

+1(519) 573-7440
Listed by Martinus Geleynse • Sotheby's International Realty Canada, Brokerage
$ 1,999,000
Est. payment /mo
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Active

323-327 King Street E Hamilton, ON L8N 1C1

10,242 SqFt

UPDATED:

10/12/2024 08:41 PM

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

Copyright 2024 Information Technology Systems Ontario, Inc.

Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

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323-327 King Street E