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 $2,499,000 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.
Positioned in the heart of Hamilton's vibrant International Village BIA and within the downtown urban boundary, this 0.19-acre property offers a rare opportunity to acquire a three-storey building with 17,060 SF of above grade space, primed for transformation. Currently the building is barebones with a ground floor tenant who will vacate upon closing, the structure provides a blank canvas for a creative buyer to unlock its full potential, whether through residential conversion, mixed-use redevelopment, or a bold commercial vision. Beneath its current finishes lies a collection of character-rish features waiting to be restored, including 16-foot ceilings, original hardwood floors hidden under carpet, exposed red brick and rows of windows concealed behind steel cladding, and tin ceilings above the existing drop ceiling. The building also benefits from a full-height, dry basement with terrazzo flooring and additional tin ceilings, along with an existing elevator shaft already in place. At the rear, a garage door provides access to on-site parking for approximately 6 to 8 vehicles, a rare amenity in the downtown core. Supported by D2 zoning and access to multiple city incentive programs, including grants for residential conversion, façade improvements, and commercial fit-outs, this is a compelling value-add opportunity in one of Hamilton's fastest-evolving urban nodes.
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Data-driven valuation for 170 King Street E, Hamilton, ON L8N 1B4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Hamilton.
About Purchasing a Home in Hamilton, ON
For a property listed at $2,499,000 in Hamilton, the legal minimum down payment is $499,800 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 $48,950 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 $48,950.
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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.