323-327 King Street E , Hamilton, ON L8N 1C1
Hamilton, ON L8N 1C1
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!
Details
| Mls | 40660532 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Days On Site | 53 |
| Listing Provided By | Sotheby's International Realty Canada, Brokerage | Martinus Geleynse |
Features
| Sq Feet | 10,242 |
|---|---|
| Basement | Y |
| Storys | 3 |
| Zoning | D2 - Downtown Mixed Use - Pedest |
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Learn More About This Property
| State | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Zip Code | L8N 1C1 |
| Area | 14 Hamilton Centre |
| Subarea | 140 Beasley |
| Community Name | 140 Beasley |
| Listing VS Median (in 140 Beasley) | |
Price: $1,999,000 low | high Med: $2,790 SqFt: 10,242 low | high Med: 802 $ / SqFt: $195 low | high Med: $3 On Site: 53 low | high Med: 60.000000 | |