323-327 KING Street East, Hamilton | Image 1

323-327 KING Street East

Hamilton, Beasley

  • Commercial

$1,999,000
For Sale

Added 1 month ago

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  • Type: Land

  • Property Type: Commercial

  • Zoning: D2 - Downtown Mi

  • Age: No Data

  • Taxes: 23921

  • MLS®#: X10403957

  • Days on Site: 39 Days

  • Added: Oct 08, 2024 (1 month ago)

  • Updated:

  • Last Checked: 8 hours ago

  • 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

JK-8

St. Patrick Catholic Elementary School

Elementary: Catholic
0.34 km
JK-8

St. Brigid Catholic Elementary School

Elementary: Catholic
0.89 km
JK-8

George L Armstrong Public School

Elementary: Public
1.41 km
JK-8

Dr. J. Edgar Davey (New) Elementary Public School

Elementary: Public
0.44 km
JK-8

Queen Victoria Elementary Public School

Elementary: Public
0.78 km
JK-8

Cathy Wever Elementary Public School

Elementary: Public
1.14 km
9-12

King William Alter Ed Secondary School

Secondary: Public
0.19 km
9-12

Turning Point School

Secondary: Public
0.87 km
9-12

Vincent Massey/James Street

Secondary: Public
3.48 km
9-12

St. Charles Catholic Adult Secondary School

Secondary: Catholic
2.08 km
Pre-Grade 9-12

Sir John A Macdonald Secondary School

Secondary: Public
1.35 km
9-12

Cathedral High School

Secondary: Catholic
0.51 km
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