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Type: Land
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Property Type: Commercial
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Business Type: Residential
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Zoning: D2 - Downtown Mi
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Age: No Data
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Taxes: 21238
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MLS®#: X9390950
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Added: Oct 10, 2024 (1 month ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: SOTHEBY`S INTERNATIONAL REALTY CANADA
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!
Property
Status: Sale
Type: Residential
Property Type: Land
Property Type: Designated
Area: Hamilton
Community: Beasley
Availability Date: Flexible
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Radiant
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2023
Tax Legal Description: Lt 5 Pl 214; Pt Lt 4, 6 Pl 214 As In Vm277370, S/T
Taxes: $21,238
Taxes Type: Annual
Land
Cross Street: King And Wellington
Municipality District: Hamilton
Parcel Number: 171680148
Sewer: Sanitary
Lot Depth: 103.44 Feet
Lot Frontage: 38.89 Feet
Zoning: D2 - Downtown Mi
Commercial Specific
Retail Area: 4148
Retail Area Metric: Sq Ft
Total Area: 10242
Total Area Metric: Sq Ft
Office Size: 6146
Office Size Metric: Sq Ft
Area Influence: Public Transit
Lot Code: Lot
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
