196 King Street, Hamilton, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Central. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $14,000,000 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 148.49 x 132.1 ft lot size
- equipped with no central cooling and highly efficient gas forced air open heating
Description
Prime Downtown Hamilton development opportunity-A rare chance to secure a high profile development site at King Street West & Bay Street, Right in the heart of Hamilton's evolving downtown. with zoning potential for up to 30 storey's, this property offers an exciting opportunity for an experienced developer or builder to create a landmark mixed-use project. The Current D2 zoning allows for a wide range of uses, with potential for renovation, repositioning, or full development. property sold as is, the current tenants lease expires January 2027 and they have right to renew for another 5 years.
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Property Summary
This commercial retail located at 196 King Street, Hamilton is currently for sale and has been available on SousaSells for 22 days. This property is listed at $14,000,000 with an estimated mortgage of $46,601* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 196 King Street, Hamilton is in the Central neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Central, Hamilton.
- •Desirable Commercial Retail architecture in Central, Hamilton
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
None listed
Security Features
- No
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in Hamilton?
If you are looking for a house in Hamilton or researching Hamilton real estate for sale, this commercial retail at 196 King Street, Hamilton, ON offers an exceptional opportunity to buy a home in Hamilton, Ontario. Whether you are a first-time Hamilton home buyer or comparing active Hamilton MLS® homes for sale, working with a dedicated Hamilton buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Hamilton realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.
Hamilton Buyer Budget & Costs
Estimated mortgage: $46,601*/month*. Estimated Ontario Land Transfer Tax: $336,475. First-time Hamilton home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in Hamilton
Frequently Asked Questions about 196 King Street, Hamilton, ON
Q.What is the asking price for 196 King Street, Hamilton, ON ?
The current listing price for 196 King Street, Hamilton, ON in Central, Hamilton is $14,000,000.
Q.How many bedrooms and bathrooms does this property have?
This property features null bedrooms and null bathrooms.
Q.What property type and architectural style is 196 King Street, Hamilton, ON ?
196 King Street, Hamilton, ON is a Commercial Retail () featuring a basement.
Q.What security features are installed at 196 King Street, Hamilton, ON ?
Security features include: No.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via No.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Central, Hamilton
23 assaults (45.0/100k)
11 B&E (40.0/100k)
15 thefts (45.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 196 King Street W, Hamilton, ON L8P 1A5
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 $14,000,000 in Hamilton, the legal minimum down payment is $2,800,000 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 $336,475 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 $336,475.
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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.
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