323 KING STREET E Active Save Request In-Person Tour Request Virtual Tour
Hamilton (beasley),ON L8N1C1
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,242 sqft
Price per Sqft $195
Subdivision Beasley
MLS Listing ID X9390970
Originating Board Toronto Regional 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
Interior
Heating Radiant heat
Cooling Fully air conditioned
Exterior
Garage No
View Y/N No
Private Pool No
Building
Sewer Sanitary sewer