2874 - 2990 King Street, Hamilton, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of Gershome. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $4,500,000 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 177 x 285 ft lot size
Description
The property is offered for sale on an "as is, where is", unpriced basis by a Court-appointed Receiver and comprises approximately 1.44 acres of vacant land at the southwest corner of King Street East and Centennial Parkway South. The site offers excellent regional connectivity with access to the QEW, Centennial Parkway, Red Hill Valley Parkway, and Lincoln Alexander Parkway, providing efficient routes to the GTA and the Niagara/USA border. Zoned Community Commercial (C3), the property permits a range of neighbourhoods-serving commercial uses. Offers must be on the Receiver's form of APS, and all sales are subject to final approval by the Court.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 2874 - 2990 King Street E, Hamilton, ON L8G 1J5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $4,500,000 in Hamilton, the legal minimum down payment is $900,000 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 $98,975 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 $98,975.
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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.