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Chelsea Mann

[email protected] +1(250) 852-0977

$ 1,999,000

Est. payment -/mo

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323-327 KING Street E Hamilton, ON L8N1C1

10,242 SqFt

UPDATED:

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

Waterfront No

View Y/N No

Private Pool No

Building

Story 3

Sewer Sanitary sewer

Others

Ownership Freehold

Listed by Sotheby's International Realty Canada, Brokerage

Chelsea Mann

Advisor | License ID: 2196

+1(250) 852-0977

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