61-63 King Street W, Hamilton, ON L8G 1H7, Hamilton, ON
Rare real estate opportunity, ready-to-build development in the best part of Stoney Creek, ideally located beside an award-winning recreation centre and Battlefield House Museum & Park. Proposed 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.
Property Highlights
For Sale
MLS NO.
X13585868
Type
Residential Freehold
Sub Type
Vacant Land
Parking
51.0
Garage
Yes
Complete Property Details
Property Type
Residential Freehold
Sub Type
Vacant Land
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X13585868
Total Bedrooms
0
Total Bathrooms
0
Total Kitchens
0
Central Vacuum Yn
No
Lot Width
139.32
Lot Size
15350.0
Lot Size Units
SquareFeet
Parking Total
51.0
Covered Spaces
51.0
Garage Type
Built-In
Garage
Yes
Direction Facing
South
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
61-63 King Street W, Hamilton, ON L8G 1H7
City
Hamilton
Neighbourhood
Stoney Creek
County / Region
Hamilton
Province / State
ON
Postal Code
L8G 1H7
Cross Street
Centennial Pkwy and King St. W
Directions
Centennial Pkwy and King St. W
Country
CA
List Price
$3,980,000
Annual Taxes
$5,000
Tax Year
2026
Legal Description
PT LT 26 CON 4 SALTFLEET (A.K.A. PCLS 26 & 27 BK H262A), BEING PT 1 62R17976; CITY OF HAMILTON
Possession Type
Flexible
Possession Details
Flexible
Listing Office
PAM REALTY LTD.
Board
Toronto Regional Real Estate Board
Original Entry
2026-07-20T20:37:00Z
Media Updated
2026-07-20T20:37:00Z
Photos Updated
2026-07-20T20:37:00Z
Last Modified
2026-07-20T20:37:00Z
System Modified
2026-07-27T22:13:35.404207Z
MLS Status
New
Co List Office Name
PAM REALTY LTD.
Ddfyn
Yes
Expiration Date
2026-11-30
Hstapplication
Not Subject to HST
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
173030111
Parking Spaces
51
Public Remarks
Rare real estate opportunity, ready-to-build development in the best part of Stoney Creek, ideally located beside an award-winning recreation centre and Battlefield House Museum & Park. Proposed 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.
