Matthew Tenk
Broker of Record
323 King Street E Hamilton (Beasley), Ontario L8N 1C1
$1,999,000
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:39551)
Property Details
| MLS® Number | X9390970 |
| Property Type | Multi-family |
| Community Name | Beasley |
| Amenities Near By | Public Transit |
Building
| Cooling Type | Fully Air Conditioned |
| Fireplace Present | No |
| Heating Type | Radiant Heat |
| Size Interior | 10242 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 103 Ft ,5 In |
| Size Frontage | 38 Ft ,10 In |
| Size Irregular | 38.89 X 103.44 Ft |
| Size Total Text | 38.89 X 103.44 Ft |
| Zoning Description | D2 - Downtown Mixed Use - Ped. Focus |
https://www.realtor.ca/real-estate/27527138/323-king-street-e-hamilton-beasley-beasley
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Sotheby's International Realty Canada
October 18 2024 03:48:04
