663 KING ST E, Hamilton, ON L8N 1E5
663 KING ST E, Hamilton, ON L8N 1E5
663 KING ST E, Hamilton, ON L8N 1E5
663 KING ST E, Hamilton, ON L8N 1E5
663 KING ST E, Hamilton, ON L8N 1E5
663 KING ST E, Hamilton, ON L8N 1E5
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Afia Afaribea

Afia Afaribea

+1(416) 906-5160
$ 1,750,000
Est. payment | /mo

6 Beds

5 Baths

Save Virtual Tour
$ 1,750,000
Est. payment | /mo
Save Virtual Tour

6 Beds

5 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision Landsdale

MLS Listing ID X13758572

Style 3-Storey

Bedrooms 6

Annual Tax Amount $6,500

Tax Year 2025

Property Sub-Type Detached

Property Description

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!

Location

State ON

County Hamilton

Area Hamilton

Rooms

Family Room No

Basement Unfinished

Kitchen 6

Interior

Interior Features Carpet Free

Cooling None, Window Unit(s)

Fireplace No

Heat Source Electric

Exterior

Pool None

Roof Type Unknown

Lot Frontage 25.0

Lot Depth 110.0

Total Parking Spaces 10

Building

Foundation Unknown

Others

ParcelsYN No

Virtual Tour https://www.youtube.com/watch?v=8ZVcrmDOcDM

Listed by RIGHT AT HOME REALTY

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Afia Afaribea

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+1(416) 906-5160

afia.afaribea@lptrealty.com

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663 KING ST E