657 King Street E Hamilton, Ontario L8N 1E5
$2,000,000
Downtown Hamilton is booming—often likened to the vibrant resurgence of Brooklyn! Investors seeking high rental income and landmark development potential should consider 657, 659, and 663 King Street East, Hamilton—a rare offering of two buildings with three municipal addresses sold together. Zoned TOC1, the properties present an exceptional opportunity to develop a 12-storey mixed-use commercial and residential project, with plans for 64 luxury condos. Situated just 100 meters from a planned LRT station, the combined land spans approximately 8,102 sq. ft. with 74.9 ft. frontage and 110 ft. depth, including convenient rear access. Ideal for luxury condominiums, senior-friendly housing, student residences, or a trendy bar/restaurant to meet strong market demand. The existing buildings include 16 rental apartments and a well-known bar on the main level. Five newly renovated vacant units are ready for rent, and there’s main-floor commercial space with a basement available for lease—perfect for various business uses. Viewings are by appointment only. The listing price is negotiable, and the seller is open to offering a Vendor Take-Back mortgage, temporary property management post-sale, and development consulting. Don’t miss this rare opportunity in Hamilton’s dynamic downtown! (id:60234)
Property Details
| MLS® Number | 40677424 |
| Property Type | Single Family |
| Amenities Near By | Public Transit |
| Features | Southern Exposure, Corner Site, Balcony, Laundry- Coin Operated |
| Parking Space Total | 15 |
Building
| Appliances | Dryer, Water Meter, Gas Stove(s) |
| Architectural Style | 3 Level |
| Basement Type | None |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Exterior Finish | Brick |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Type | Apartment |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 110 Ft |
| Size Frontage | 49 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Toc1 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|
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May 12 2025 02:59:12
REALTORS® Association of Hamilton-Burlington
Right At Home Realty