323 King ST E Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8N 1C1
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 10,242 sqft
Price per Sqft $195
MLS Listing ID X9390970
Annual Tax Amount $23,921
Tax Year 2024
Property 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!
Location
Province ON
County Hamilton
Community Public Transit
Area Beasley
Interior
Heating Yes
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes