$2,299,000
 $12,342 est/mo Sourced by Back At You

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

Hamilton, ON L8N 1C1

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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!

Details

MLS#40625473
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Days On Site72
Listing Provided BySotheby's International Realty Canada, Brokerage | Martinus Geleynse

Features

ZoningD2 - Downtown Mixed Use - Pedest
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 7 minutes ago
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8N 1C1
Area14 Hamilton Centre
Subarea140 Beasley
Community Name140 Beasley
Listing VS Median (in 140 Beasley)
Price:
$2,299,000
low | high
Med:
$5,500
100% of Average
On Site:
72
low | high
Med:
18.000000
100% of Average
Sourced by Back At You
Listing Updated: July 25, 2024 at 3:31:51 PM PDT