323-327 KING Street E, Hamilton, Ontario
$2,299,000
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:23309)
- Listing ID: 40625473
- Property Type: Vacant Land
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Listing provided by Sotheby's International Realty Canada, Brokerage
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property, located at 323-327 KING Street E in Hamilton Ontario, was last modified on July 25th, 2024. Contact Cheryl DesRoches to schedule a viewing or to find other properties for sale in Hamilton.