663 KING Street E, Hamilton, ON L8N 1E5
Hamilton, ON, L8N 1E5 · Landsdale
About this property
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!
Features & Amenities
- Basement: Unfinished
- Garage: None
- Cooling: None, Window Unit(s)
- Heat Type: Forced Air
- Heat Source: Electric
- Style: 3-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Detached |
| Architectural Style | 3-Storey |
| Bedrooms | 6 |
| Bathrooms | 5 |
| Basement | Unfinished |
| Garage | None |
| Parking Spaces | 10 |
| Heat Type | Forced Air |
| Heat Source | Electric |
| Cooling | None, Window Unit(s) |
| Sewer | Sewer |
| Annual Tax | $6,500 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Carpet Free
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 3-Storey
- Construction Materials
- Brick
- Foundation Details
- Unknown
- Roof
- Unknown
- Basement
- Unfinished
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Electric
- Cooling
- None, Window Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 10
- Parking Total
- 10.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 110.00
- Lot Width
- 25.00
Financial & Tax
- Tax Annual Amount
- $6,500
- Tax Year
- 2025
- Possession Type
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 10
- Kitchens Above Grade
- 6
- Kitchens Total
- 6
- Bedrooms Above Grade
- 6
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Hamilton
- Cross Street
- King / Wentworth st
- Directions
- From downtown along king street E
- Special Designation
- Unknown
- Showing Requirements
- Showing System, List Brokerage, List Salesperson
Location
663 KING Street E, Hamilton, ON L8N 1E5, Hamilton, ON, L8N 1E5