Land For Sale - 323-327 KING St, Hamilton, Ontario L8N 1C1

location_on 323-327 KING St, Hamilton

Land

323-327 KING St

Hamilton, Ontario L8N 1C1

$1,999,000

For Sale

Property Information

Huge price reduction – priced to move! Fantastic construction-ready residential conversion! Permits are complete and set to be issued pending payment of DCs and Parkland 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!

Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : X10403957
Price : $1,999,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 38
Address
Postal Code : L8N 1C1
City : Hamilton
Street : KING
Street Number : 323-327
Street Suffix : St
Floor Number : 0
Longitude : E0° 0' 0''
Latitude : N0° 0' 0''
Brokerage
Office Name : Sotheby's International Realty Canada, Brokerage
Extra Information
address/street_dir_suffix : E
Area : Hamilton
living_area : 0
living_area_unit : Sqft
Community : Beasley
Lease : Sale
Street Direction : E
Tax Year : 2024

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323-327 KING St Hamilton, Ontario L8N 1C1