$3,500,000 Sale

Listed 84 days ago

61-63 King Street W

MLS® x13585868 Vacant Land

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Beds · 0

Baths · 0

Parking · 51

Sqft · -

Est. mortgage

$13,278/mo

Property Taxes

$5,000/yr

Key Facts

Key facts for 61-63 King Street W

Property Type

Lots/Land

Parking

Built-In 51 garage, 51 parking

MLS #

X13585868

Size

Basement

Listed on

2026-07-20

Lot size

139 x 113.0

Tax

$5,000 /yr

Days on Market

Approximate Age

Maintenance Fee

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.

Full Property Details

Interior

Washrooms

Exterior

Depth

113.0

Front

139.32

Acreage

Not Applicable

Lot Size

139 x 113.0 ft

Waterfront

None

Parking Spaces

Total Parking Spaces

51.00

Parking Description

Built-In

Garage Spaces

Zoning

C5A - Multi Unit Mixed-Use

Depth

113.0

Front

139.32

Acreage

Not Applicable

Lot Size

139 x 113.0 ft

Waterfront

None

Parking Spaces

Total Parking Spaces

51.00

Parking Description

Built-In

Garage Spaces

Zoning

C5A - Multi Unit Mixed-Use

Building Description

Home Type

Lots/Land

Subtype

Vacant Land

Property Orientation

South

Possession Date

8/1/2026

Home Type

Lots/Land

Subtype

Vacant Land

Property Orientation

South

Possession Date

8/1/2026

Community

Stoney Creek

Community

Stoney Creek

Taxes & Fees

Taxes

$5,000 /yr

Tax Year

2026

Occupancy

Tenant

Taxes

$5,000 /yr

Tax Year

2026

Occupancy

Tenant

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