61-63 King Street W,Hamilton, ON L8G 1H7
Hamilton, ON L8G 1H7
Description
Ready-to-build development, ideally located beside an award-winning recreation centre and Battlefield House Museum & Park. Zoned and Approved 8-storey mid-rise with approx. 66,500 sq. ft. of buildable area. CMHC package ready for purpose-built rental with $2,200,000 Potential Gross Income, or option to build as condominiums or retirement living complex. 75 residential units + 3 ground-floor retail/commercial units: 6 Studio, 6 One Bedroom, 26 One Bedroom + Den, 32 Two Bedroom, and 5 Three Bedroom units. Includes 2 levels of underground parking (51 parking spaces), 64 bicycle storage spaces, 27 lockers, and 2 elevators. Approvals & reports in place: Site Plan Approval (SPA), Committee of Adjustment final & binding decision, encroachment agreement, private waste collection agreement, energy modelling, Sustainable Building Canada study, and full commercial appraisal (reproduction cost new, income approach, and direct comparison approach). Development incentives: over TWO Million Dollar in savings via 50% Ontario reduction on development charges, also NO HST on construction costs for purpose-built rental buildings. Eligible for select programs offered by the City of Hamilton. Transit & connectivity: Bus stop at property with direct access to Hamilton's 7 main hospitals, McMaster University and other colleges, quick connection to Toronto via GO Transit, minutes to QEW GO Station, and approx. 4-minute drive to future Hamilton LRT. Features a rooftop garden and interior amenity space with clear mountain views. Retails with 14' clear height and Residential ceiling heights: 9' (2nd-5th floors), 10' (6th floor), and 11' penthouse level. Excellent opportunity for developers and investors in a high-demand, transit-connected community with pool, ice-rink and other amenities next door! Vendor Take-Back (VTB) mortgage available to qualified purchasers at the Seller's sole discretion.
Details
| MLS # | X13585776 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 38 |
| Listing Provided By | PAM REALTY LTD. | X13585776 385900 |
Features
| SQ Feet | 15,340 |
|---|---|
| Acreage | 0.35 |
Exterior
| Community Features | Public Transit, Recreation/Community Centre |
|---|
Utilities
| Utilities | Available |
|---|---|
| Sewer | Sanitary Available |
Taxes
| Tax Annual Amount | 5000 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PT LT 26 CON 4 SALTFLEET (A.K.A. PCLS 26 & 27 BK H262A), BEING PT 1 62R17976; CITY OF HAMILTON |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8G 1H7 |
| Area | Stoney Creek |
| Listing VS Median (in L8G 1H7) | |
Price: $3,980,000 low | high Med: $3,980,000 sqft: 15,340 low | high Med: 15,340 $ / sqft: $259 low | high Med: $259 On site: 38 low | high Med: 38 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8G 1H7 |
| Area | Stoney Creek |
| Listing VS Median (in L8G 1H7) | |
Price: $3,980,000 low | high Med: $3,980,000 sqft: 15,340 low | high Med: 15,340 $ / sqft: $259 low | high Med: $259 On site: 38 low | high Med: 38 | |
