117 King Street, Hamilton, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Beasley. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,950,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 15.2 x 134.78 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
For sale by court-appointed receiver. 3-storey high-visibility, mid-block retail/residential apartment building in Downtown Hamilton's Urban Growth Centre, this asset is situated on the planned LRT corridor and within the city's 10-year downtown revitalization strategy area. Comprised of single ground floor retail unit along with residential apartments on second and third floors. Unmatched exposure and pedestrian traffic in one of Hamilton's most dynamic blocks with 15' frontage. Flexible D2 downtown mixed-use zoning. Offered for sale by court appointed receiver on a completely as is where is basis with no reps or warranties of any kind. Approximate size: Ground Floor: 2,616 SF, 2nd Floor: 2,616 SF, Third Floor: 2,616 SF. Total Above Grade: 7,848 SF. Below Grade: 2,616 SF. Total SF: 10,464 SF. An exceptional value-add opportunity for an investor or developer looking to stake a claim in core's rapid transformation.
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Pricing & Value Insights
Data-driven valuation for 117 King Street E, Hamilton, ON L8N 1A9
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About Purchasing a Home in Hamilton, ON
For a property listed at $1,950,000 in Hamilton, the legal minimum down payment is $390,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $35,475 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $35,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.