$ 1,999,000
323 King ST E Hamilton, ON L8N 1C1
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$ 1,999,000
Est. payment | /mo
10,242 SqFt
$ 1,999,000
Est. payment | /mo
10,242 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 10,242 sqft
Price per Sqft $195
MLS Listing ID X9390950
Annual Tax Amount $23,921
Tax Year 2024
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
Community Public Transit
Area Beasley
Interior
Heating Yes
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes
Parking Type None
Listed by SOTHEBY`S INTERNATIONAL REALTY CANADA
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN