Added 3 months ago
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Type: Sale Of Business
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Property Type: Commercial
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Zoning: C5a
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Age: No Data
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Taxes: 10248.17
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MLS®#: X10403553
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Days on Site: 86 Days
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Added: Sep 16, 2024 (3 months ago)
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Updated:
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Last Checked: 1 hour ago
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Listed By: Sotheby's International Realty Canada, Brokerage
Situated on one of Hamiltons most coveted streets, this turn-key building on Ottawa Street North is primed for new ownership. Known for its vibrant mix of cafes, markets, and boutique shops, this iconic street draws a steady stream of foot traffic and is rapidly becoming one of Hamiltons premier cultural and commercial destinations. The property is anchored by a long-term, reliable tenant on a robust triple-net lease, offering the new owner the advantage of immediate, consistent rental income with minimal management involvement. The building itself has been meticulously renovated with over $700K in high-quality upgrades, featuring modern finishes and top-notch improvements throughout. With the ongoing development and rising popularity of Ottawa Street North, this investment holds significant long-term potential. Beyond the immediate rental income, there are ample opportunities for substantial future appreciation. Don't miss your chance to invest in one of Hamiltons most dynamic and growing neighbourhoods.
Property
Status: Sale
Property Type: Sale Of Business
Property Type: With Property
Area: Hamilton
Community: Crown Point
Availability Date: Flexible
Assessment Amount: $261,000
Assessment Year: 2016
Building
Basement: Y
Elevator: None
Water Supply: Municipal
Fees
Tax Year: 2024
Tax Legal Description: PT LT 211, PL 463 , AS IN AB345355, S/T & T/W AB345355 ; HAMILTO
Taxes: $10,248
Land
Cross Street: North of Cannon St E
Municipality District: Hamilton
Parcel Number: 172230281
Sewer: Sewers
Lot Depth: 124.36 Feet
Lot Frontage: 16.87 Feet
Zoning: C5a
Commercial Specific
Total Area: 3820
Total Area Metric: Sq Ft
Area Influence: Public Transit
St. John the Baptist Catholic Elementary School
Elementary: CatholicA M Cunningham Junior Public School
Elementary: PublicHoly Name of Jesus Catholic Elementary School
Elementary: CatholicMemorial (City) School
Elementary: PublicQueen Mary Public School
Elementary: PublicPrince of Wales Elementary Public School
Elementary: PublicVincent Massey/James Street
Secondary: PublicÉSAC Mère-Teresa
Secondary: CatholicDelta Secondary School
Secondary: PublicSir Winston Churchill Secondary School
Secondary: PublicSherwood Secondary School
Secondary: PublicCathedral High School
Secondary: Catholic
