323 King St E

Hamilton | Beasley | L8N 1C1
  • 10242.0 sqft
  • 0 gar

$1,999,000

Est. Mtg $6,778 /mo
  • Days on market

    44

  • Status

    A

Listing Broker SOTHEBY`S INTERNATIONAL REALTY CANADA
Since listed: 1 views

Home details

MLS #:

X9390970

Property type:
Investment
Style:
Taxes:
$23,921
Possession:
Flexible
Condo Fee:
Lot Size:
38.89 X 103.44
Zoning:
D2 - Downtown Mixed Use - Ped. Focus
Use:
Heat:
Radiant

Description


323 King St E, , Hamilton, Ontario is a Investment property in Hamilton and in the Beasley community in the L8N 1C1 postal code


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!.

Extras

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Payment calculator

$8771 monthly. In association with: TD Bank
%
  • Principal and Interest
    6778 /mo
  • Property Taxes
    $1993 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Raymond Chin, Realtor

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