$1,999,000
Available - For Sale
Listing ID: X9390970
323 King St East , Hamilton, L8N 1C1, Ontario
| 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! |
| Price | $1,999,000 |
| Taxes: | $23921.00 |
| Tax Type: | Annual |
| Occupancy by: | Vacant |
| Address: | 323 King St East , Hamilton, L8N 1C1, Ontario |
| Postal Code: | L8N 1C1 |
| Province/State: | Ontario |
| Legal Description: | Lt 5 Pl 214; Pt Lt 4, 6 Pl 214 As In Vm2 |
| Lot Size: | 38.89 x 103.44 (Feet) |
| Directions/Cross Streets: | King And Wellington |
| Category: | Apartment |
| Building Percentage: | Y |
| Total Area: | 10242.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 6146 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 4148 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Heat Type: | Radiant |
| Central Air Conditioning: | Y |
| Sewers: | Sanitary |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| SOTHEBY`S INTERNATIONAL REALTY CANADA |
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Irfan Bajwa
Broker, ABR, SRS, CNE
Dir:
416-832-9090
Bus:
905-268-1000
Fax:
905-277-0020
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Beasley |
| Lot Size: | 38.89 x 103.44(Feet) |
| Tax: | $23,921 |
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