For Sale

323 KING Street Unit# 323, Hamilton, Ontario L8N1C1

$2,299,000

323 KING Street Unit# 323, Hamilton, Ontario L8N1C1 is For Sale and has a listing price of 2,299,000. The property is located in the Beasley neighbourhood. It's been on the website for 58 Days.

  • Vacant Land
    Property Type
  • MLS ID: 40625473
  • Office Name Sotheby's International Realty Canada, Brokerage
Property Description

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:43137)

Property Details
  • MLS ID: 40625473
  • Price: $2,299,000
  • Transaction Types: For Sale
  • Ref ID: 27216538
  • Year Built: N/A
  • Property Type: Vacant Land
  • Property Type: Commercial
  • Property Sub Category: Vacant land
Price History
List Date MLS ID List Price Status End Date Closed Price
07/25/2024 40625473 $2,299,000 For Sale - -
07/25/2024 40625492 $2,299,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Beasley
  • $793,004 Average List Price
    based on 1 year
  • 118 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 1.13 % Up
  • Sold (12mo) 26
  • Rented (12mo) 182

  • 1 Month Change +19.4%
  • 3 Month Change +5.9%
  • 6 Month Change +32.5%
Walkscore
  • 98 Walk Score
    Walker's Paradise
  • 83 Transit Score
    Excellent Transit
  • 86 Bike Score
    Very Bikeable
Property Type Distribution
  • All Houses
    18.36%
  • Commercial
    19.68%
  • Condo
    61.74%
  • Land for Sale
    0.21%
Additional Details
  • Sewers Sanitary Sewer
  • Basement2 None
  • Water Municipal Water
  • Property Features Visual Exposure, Southern Exposure
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 25/07/2024 00:00:00
  • Zoning Y
  • Agent Name: Martinus Geleynse
  • Address Subdivision: 140 - Beasley
  • Last Updated: 25/07/2024 19:26:48
Open House Dates
Want to see this property?