$ 1,999,000
323-327 KING Street E Hamilton, ON L8N1C1
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$ 1,999,000
Est. payment | /mo
10,242 SqFt
$ 1,999,000
Est. payment | /mo
10,242 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 10,242 sqft
Price per Sqft $195
Subdivision 140 - Beasley
MLS® Listing ID 40660532
Originating Board The Oakville, Milton & District Real Estate Board
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! (id:24570)
Location
Province ON
Exterior
Garage No
Community Features High Traffic Area
View Y/N No
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Others
Ownership Freehold
Listed by Sotheby's International Realty Canada, Brokerage