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Type: Land
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Property Type: Commercial
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Zoning: D2 - Downtown Mi
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Age: No Data
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Taxes: 23921
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MLS®#: X10403957
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Days on Site: 25 Days
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Added: Oct 08, 2024 (3 weeks ago)
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Updated:
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Last Checked: 10 hours ago
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Listed By: Sotheby's International Realty Canada, Brokerage
Huge price reduction - priced to move! Fantastic construction-ready residential conversion! Permits are complete and set to be issued pending payment of DCs and Parkland 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!
Property
Status: Sale
Property Type: Land
Area: Hamilton
Community: Beasley
Availability Date: Flexible
Assessment Amount: $641,000
Assessment Year: 2021
Building
Basement: N
Water Supply: Municipal
Fees
Tax Year: 2024
Tax Legal Description: LT 5 PL 214; PT LT 4, 6 PL 214 AS IN VM277370, S/T INTEREST IN V
Taxes: $23,921
Land
Cross Street: Immediately east of
Municipality District: Hamilton
Parcel Number: 171680148
Lot Depth: 103.44 Feet
Lot Frontage: 39.89 Feet
Zoning: D2 - Downtown Mi
Commercial Specific
Total Area Metric: Sq Ft
Area Influence: Public Transit
Soil Test: Envirn Audit
St. Patrick Catholic Elementary School
Elementary: CatholicSt. Brigid Catholic Elementary School
Elementary: CatholicGeorge L Armstrong Public School
Elementary: PublicDr. J. Edgar Davey (New) Elementary Public School
Elementary: PublicQueen Victoria Elementary Public School
Elementary: PublicCathy Wever Elementary Public School
Elementary: PublicKing William Alter Ed Secondary School
Secondary: PublicTurning Point School
Secondary: PublicVincent Massey/James Street
Secondary: PublicSt. Charles Catholic Adult Secondary School
Secondary: CatholicSir John A Macdonald Secondary School
Secondary: PublicCathedral High School
Secondary: Catholic
