663 King Street East, Hamilton | Image 1

663 King Street East

Hamilton, Central

  • Commercial

$3,990,000
For Sale

Added 10 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: TOC1

  • Age: No Data

  • Taxes: 6000

  • MLS®#: X6092912

  • Days on Site: 308 Days

  • Added: Jun 02, 2023 (10 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: RIGHT AT HOME REALTY

Hamilton's downtown development is thriving, drawing comparisons to the vibrant Brooklyn! If you're interested in investing in a property that offers excellent rental cash flow and the potential to become a new downtown landmark, there's a rare opportunity that includes 657, 659, and 663 King Str East in Hamilton (These three must be sold together at asking price $3.99 Million) . These properties present the potential for a 12-story mixed-use commercial/residential building with 64 luxurious condominiums under current TOC1 zoning. Conveniently located on the proposed LRT route, the combined land area is approximately 8,102.16 square feet. Positioned on the bustling King Street/Wentworth Street, the properties feature 74.9 feet of frontage, extending 110 feet in depth, and offer a convenient backyard exit route. Currently, the buildings house 16 apartmts and a popular bar on the main floor. Buyers need to conduct their due diligence as it will be sold as-is. The listing prices

Extras

and open to the possibility of seller take-back mortgage reflect the seller's motivation for a quick sale, making it an excellent opportunity. Don't miss out on this chance to be a part of Hamilton's thriving downtown development.

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Hamilton

  • Community: Central

  • Assessment Amount: $276,000

  • Assessment Year: 2022

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: In/Out

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 2, PL 43 , AS IN VM71839, LYING

  • Taxes: $6,000

  • Taxes Type: Annual

Land

  • Cross Street: Wentworth/ King Str

  • Municipality District: Hamilton

  • Parcel Number: 171800159

  • Lot Depth: 110 Feet

  • Lot Frontage: 25 Feet

  • Zoning: TOC1

Additional Media

  • Virtual Tour: https://www.youtube.com/watch?v=gam8m9JVcoE

Commercial Specific

  • Total Area: 0.06

  • Total Area Metric: Acres

  • Area Influence: Public Transit

  • Area Influence: Rec Centre

  • Lot Code: Building

See 3D Tour of 663 King Street East, Hamilton
Video Tour
JK-8

Sacred Heart of Jesus Catholic Elementary School

Elementary: Catholic
1.24 km
JK-8

St. Patrick Catholic Elementary School

Elementary: Catholic
0.54 km
JK-8

St. Brigid Catholic Elementary School

Elementary: Catholic
0.55 km
JK-8

George L Armstrong Public School

Elementary: Public
1.34 km
JK-8

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

Elementary: Public
1.09 km
JK-8

Cathy Wever Elementary Public School

Elementary: Public
0.58 km
9-12

King William Alter Ed Secondary School

Secondary: Public
0.97 km
9-12

Turning Point School

Secondary: Public
1.72 km
9-12

Vincent Massey/James Street

Secondary: Public
3.07 km
9-12

St. Charles Catholic Adult Secondary School

Secondary: Catholic
2.53 km
Pre-Grade 9-12

Sir John A Macdonald Secondary School

Secondary: Public
2.16 km
9-12

Cathedral High School

Secondary: Catholic
0.46 km
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