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Home ON Greater Hamilton Hamilton Old Hamilton Beasley
323-327 KING Street E
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323-327 KING Street E $2,299,000
$2,299,000
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323-327 KING Street E
Hamilton, Ontario L8N1C1

MLS® Number: 40625473

Listing 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! (67842011)

Location Description

Immediately east of Wellington Street North on the north side of King Street East

Property Summary

Property Type
Vacant Land
Subdivision Name
140 - Beasley
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$21,237.52
Time on REALTOR.ca
66 days

Building

Interior Features
Basement Type
None
Building Features
Features
Southern exposure, Visual exposure
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Public Transit

Land

Lot Features
Frontage
40 ft
Land Depth
103 ft
Other Property Information
Zoning Description
D2 - Downtown Mixed Use - Pedestrian Focus
Data provided by: The Oakville, Milton & District Real Estate Board 208 - 400 Main Street East, Milton, Ontario L9T 4X5

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