Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40677430
Annual Tax Amount $6,500
Property Sub-Type Apartment
Source Hamilton - Burlington
Property Description
Investors seeking high rental income and landmark development potential should consider 657, 659, and 663 King Street East, Hamilton—a rare offering of two buildings with three municipal addresses sold together.
Zoned TOC1, the properties present an exceptional opportunity to develop a 12-storey mixed-use commercial and residential project, with plans for 64 luxury condos. Situated just 100 meters from a planned LRT station, the combined land spans approximately 8,102 sq. ft. with 74.9 ft. frontage and 110 ft. depth, including convenient rear access.
Ideal for luxury condominiums, senior-friendly housing, student residences, or a trendy bar/restaurant to meet strong market demand.
The existing buildings include 16 rental apartments and a well-known bar on the main level. Five newly renovated vacant units are ready for rent, and there's main-floor commercial space with a basement available for lease—perfect for various business uses.
Viewings are by appointment only.
The listing price is negotiable, and the seller is open to offering a Vendor Take-Back mortgage, temporary property management post-sale, and development consulting.
Don't miss this rare opportunity in Hamilton's dynamic downtown!
Location
Province ON
County Hamilton
Area 14 - Hamilton Centre
Zoning TOC1
Direction King Street E to Wentworth
Rooms
Basement Full, Unfinished
Kitchen 0
Interior
Interior Features Upgraded Insulation, Other
Heating Baseboard, Natural Gas
Cooling None
Fireplace No
Appliance Built-in Microwave
Laundry Coin Operated
Exterior
Roof Type Flat
Lot Frontage 24.64
Lot Depth 110.0
Garage No
Building
Lot Description Public Parking, Public Transit
Faces King Street E to Wentworth
Story 3
Foundation Block, Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 171800159
Ownership Freehold/None
Virtual Tour https://www.youtube.com/watch?v=FZ4vshZY_k4
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