Downtown Hamilton is booming—often likened to the vibrant resurgence of Brooklyn! 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! (id:35544)
| MLS® Number | 40677430 |
| Property Type | Multi-family |
| AmenitiesNearBy | Public Transit |
| Features | Laundry- Coin Operated |
| ParkingSpaceTotal | 14 |
| Appliances | Microwave Built-in |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| CoolingType | None |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 3 |
| UtilityWater | Municipal Water |
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Municipal Sewage System |
| SizeDepth | 110 Ft |
| SizeFrontage | 25 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Toc1 |
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