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323-327 King Street E, Hamilton, ON, L8N 1C1

MLS® # 40625492
Commercial For Sale In Beasley, Hamilton, Ontario
$2,299,000
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
323-327 King Street E, Hamilton, ON
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ACTIVE
323-327 King Street E, Hamilton, ON, L8N 1C1
$2,299,000

Property Information:

Fantastic construction-ready residential conversion! Permits are complete and set to be issued pendingpayment 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 stepsfrom a future LRT station, this building has significant cashflow and appreciation value. If development isn'tyour thing, the existing structure is ready to lease in its current state as offices, retail, hospitality, etc. thanksto generous D2 zoning! Tremendous potential for investors, end-users, and developers alike. Clean Phase 1Environmental on-hand. Plans, proforma, and additional information available upon request. This amount ofusable square footage is incredibly rare on the LRT route. Don't miss this remarkable opportunity!

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Full
  • Construction Materials: Stone, Stucco
  • Lot Depth: 103.44 Feet
  • Lot Features: City Lot, High Traffic Area, Public Parking, Public Transit, Visual Exposure
  • Lot Frontage: 39.89 Feet
  • Water Source: Municipal-Metered
  • Zoning: D2 - Downtown Mixed Use - Pedestrian Focus
  • Sewer: Sanitary

Courtesy of: Sotheby's International Realty Canada, Brokerage

Data provided by: The Oakville, Milton and District Real Estate Board 125 Navy Street, Oakville, Ontario L6J 2Z5
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Location of 323-327 King Street E, Hamilton, ON, L8N 1C1

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

29 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: High

29 hot days expected in 2050

47/100

High

ClimateCheck®

Current data

This property, 323-327 King Street E, experiences 7 hot days per year at around 32.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 35.6 degrees Celsius.

Projected Avg. Temperature

Past
32.1℃
2050
35.6℃

# Hot Days Per Year

Past
7
2050
29

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

13 storms expected in 2050

58/100

High

ClimateCheck®

Current data

This property, 323-327 King Street E, experiences 11 significant 2-day storms per year, with about 306.7mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 381.7mm of precipitation per year.

Precipitation Per Storm

Past
306.7mm
2050
381.7mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 323-327 King Street E, Hamilton, ON, L8N 1C1

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$73,201.28

Average Number of Children

1.76

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.13 %

High school certificate or equivalent

24.75 %

Apprenticeship trade certificate/diploma

5.1 %

College/non-university certificate

19.47 %

University certificate (below bachelor)

2.04 %

University Degree

31.51 %

Commuter

Travel To Work

By Car

49.2 %

By Public Transit

29.59 %

By Walking

14.87 %

By Bicycle

0.89 %

By Other Methods

5.44 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

93.7 %

Houses

6.3 %

Own Vs. Rent