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663 KING STREET E, Hamilton, Ontario, L8N 1E5

MLS® # X13758572
new listing
House For Sale In Landsdale, Hamilton, Ontario
$1,750,000 QuickQuoteTM: Not Available

6 Beds

5 Baths

663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
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663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
663 King Street E, Hamilton, ON
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663 KING STREET E, Hamilton, Ontario, L8N 1E5
$1,750,000

6 Beds

5 Baths

Property Information:

Rare Downtown Hamilton investment & redevelopment opportunity! 657, 659 & 663 King St E comprise TWO buildings with three municipal addresses: 657/659 form one building and 663 is the second. Each building is listed at $1.75M; however, SELLER REQUIRES BOTH BUILDINGS TO BE PURCHASED TOGETHER, for a combined asking price of $3.5M. Properties will not be sold separately.Zoned TOC1 and located approx. 100 metres from a planned LRT station, the combined site offers approx. 8,102 sq. ft. of land with 74.9 ft. frontage, 110 ft. depth and convenient rear access. Excellent redevelopment potential, with plans contemplating a 12-storey mixed-use commercial/residential development with approx. 64 luxury residential units, subject to all required approvals. The existing buildings offer immediate income potential with a total of 16 residential rental units plus a well-known main-floor bar. Five newly renovated vacant units are ready for leasing, providing an opportunity to increase rental income. Additional main-floor commercial space with basement is also available for lease and suitable for a variety of business uses. A rare opportunity combining existing rental income, commercial uses, transit-oriented location and significant long-term redevelopment potential in Hamilton's evolving downtown. Seller may consider a Vendor Take-Back (VTB) mortgage for qualified buyers and may also provide temporary property management assistance after closing and development consulting. Price and terms are negotiable. Showings strictly by appointment only. Don't miss this unique opportunity to acquire TWO adjoining buildings as one strategic investment! (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Air Conditioning: Yes
  • Basement Development: Unfinished
  • Basement Type: N/A
  • Construction Style - Attachment: Detached
  • Exterior Finish: Brick
  • Floor Space: 2500 - 3000 sqft Square Feet
  • Foundation Type: Unknown
  • Heating Type: Forced air
  • Heating Fuel: Electric, Natural gas
  • Cooling Type: None, Window air conditioner

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Features: Carpet Free
  • Floor Space (approx): 2500 - 3000 Square Feet
  • Irregular: Yes
  • Lot Depth: 110 Feet
  • Lot Frontage: 25 Feet
  • Lot Size: 25 x 110 FT
  • Utility Type: Cable - Installed, Hydro - Installed, Sewer - Installed
  • Zoning: TOC1
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 10

Courtesy of: RIGHT AT HOME REALTY

REALTOR.ca  

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Market Price Trends

Single family detached

-1.06%

Price change (1 year)

23.09%

Price change (5 years)

All Properties

-0.89%

Price change (1 year)

23.44%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 663 KING STREET E, Hamilton, Ontario, L8N 1E5

Demographic Information of 663 KING STREET E, Hamilton, Ontario, L8N 1E5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$98,545.14

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.79 %

High school certificate or equivalent

28.26 %

Apprenticeship trade certificate/diploma

6.55 %

College/non-university certificate

22.01 %

University certificate (below bachelor)

1.33 %

University Degree

19.06 %

Commuter

Travel To Work

By Car

56.54 %

By Public Transit

27.85 %

By Walking

10.44 %

By Bicycle

1.47 %

By Other Methods

3.7 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

74.12 %

Houses

25.88 %

Own Vs. Rent

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