323 King St E
Hamilton, L8N1C1
For Sale
$1,999,000
➧
➧
Apartment
CATEGORY10,242 Sq Ft
TOTAL AREAX9390970
MLSIDContact Us
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!
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Property Details
Category
Apartment
Zoning
D2 - Downtown Mixed Use - Ped. Focus
Total Area
10,242 Sq Ft
Office/Apartment Area
6,146 Sq Ft
Retail Area
4,148 Sq Ft
Lot Size
39' x 103'
Taxes
$23,921 (2024)
Air Conditioning
Yes
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Listing contracted with Sotheby's International Realty Canada
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