Address
657 King Street E, Hamilton, ON
Price
$ 1,750,000
Property Attributes
  • ID#X13758754
  • TypeCommercial
  • Listing Status New
  • CityHamilton
  • AreaLandsdale
  • NeighbourhoodLandsdale
  • Postal CodeL8N 1E5
  • StyleInvestment
  • Taxes$ 15000
  • Price$ 1,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5000
Data Source:
Toronto Real Estate Board (TRREB)
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!

Price History
9/9/2026 Listed $1,750,000

General Features

Cooling Partial
Utilities Available
Heater Type Gas Forced Air Closed
Property Subtype Investment
Tax Year 2025
Lot Depth 110.0
County Hamilton
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status New
City Hamilton
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 15000.0
Virtual Tour https://www.youtube.com/watch?v=8ZVcrmDOcDM
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant

Interior Features

Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Elevator? No

Exterior Features

Garage Type None
Spa No
Building Area Total 5000.0
Lot Size Source MPAC
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in L8N 1E5

Price
AVG $1.75M
$1.75M
Taxes
AVG $15,000
$15,000
Visits
AVG 29
28
Data Provided by Inside Real Estate®