647 King Street, Hamilton, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Landsdale. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $640,000 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 37.62 x 110.5 ft lot size
- equipped with no central cooling and highly efficient gas forced air open heating
Description
Attention developers and renovators *Power of Sale* - a rare opportunity on one of Hamilton's most dynamic corridors. This solid 1900s brick building on King Street East is offered at land value within Hamilton's Mixed-Use Medium Density Transit Oriented Corridor (TOC1) zone - a designation aligned with the city's intensification goals along its key transit spines. Sitting on a 37 x 110 ft lot (4,445 sq ft site area), this three-storey brick building delivers 7,265 sq ft of total floor area as per MPAC, with a prominent 37 ft King Street frontage. A laneway runs behind the property, accessed via King Street East ot the back of the building. Live/work conversion, boutique retail, gallery, residential intensification - the TOC1 zoning supports a range of visions in a neighbourhood attracting consistent investor attention. Sold as-is with no representations or warranties. Priced for land value at $640,000. Come with your vision. Zoning: TOC1 - Mixed Use Medium Density | Site: 37 x 110 ft | Site Area: 4,445 sq ft | Total Floor Area: 7,265 sq ft (per MPAC) | Storeys: 3
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Pricing & Value Insights
Data-driven valuation for 647 King Street E, Hamilton, ON L8N 1E5
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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 $640,000 in Hamilton, the legal minimum down payment is $39,000 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 $9,275 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 $9,275.
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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.