$559,000
Available - For Sale
Listing ID: X13157150
116 Bay Street North , Hamilton, L8R 2P4, Hamilton
| Cash Flow Today, Redevelopment Tomorrow-Prime Mixed-Use Opportunity in Downtown Hamilton! High-exposure property with flexible D4 zoning, parking, and multiple income streams.116 Bay Street North presents a strategic investment opportunity in Hamilton's rapidly intensifying Downtown Urban Growth Centre. Positioned on a high-visibility corridor, this property is ideal for investors seeking stable income with long-term upside. Excellent exposure along Bay Street North supports retail, office, or service-based tenants, while the side elevation offers potential additional revenue through signage or advertising. Zoned D4 (Downtown Local Commercial), permitting a wide range of uses including retail, restaurant, office, medical, personal services, and mixed-use residential-providing maximum flexibility for repositioning or redevelopment. Approximately $75,000 has been invested since October 2025 into key improvements including structural floor leveling, subfloor repair, masonry restoration (300+ bricks), drainage correction, duct/drain servicing, and general upgrades. Additional features include, owned furnace (2022), owned A/C (2025), owned hot water tank, and new Nordic windows (2025) with warranty to 2050. Roof completed in 2012 and repaired in 2025.Currently configured residential with estimated rental potential of approximately $2,500/month. Strong short-term rental demand driven by proximity to the FirstOntario Centre and surrounding amenities. Located in a Walker's Paradise (Walk Score 99), offering exceptional tenant appeal with walkable access to the West Harbour GO Station, Bayfront Park, Hess Village, and the Hamilton Farmers' Market. Includes parking for 2 vehicles with potential for 4-rare for the downtown core. A compelling opportunity to secure a versatile asset in one of Ontario's fastest-growing urban nodes. |
| Price | $559,000 |
| Taxes: | $3473.30 |
| Tax Type: | Annual |
| Occupancy: | Owner |
| Address: | 116 Bay Street North , Hamilton, L8R 2P4, Hamilton |
| Postal Code: | L8R 2P4 |
| Province/State: | Hamilton |
| Legal Description: | PT LT 13 BLK 14 PL 39 AS IN AB18699, S/T |
| Directions/Cross Streets: | Bay Street N/Cannon St W |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Multi-Use |
| Use: | Other |
| Building Percentage: | T |
| Total Area: | 1356.25 |
| Total Area Code: | Square Feet |
| Retail Area Code: | % |
| Approximatly Age: | 100+ |
| Franchise: | F |
| Days Open: | V |
| Sprinklers: | No, |
| Washrooms: | 0 |
| Rail: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| RE/MAX ABOUTOWNE REALTY CORP. |
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Ali Shahpazir
Sales Representative
Dir:
416-473-8225
Bus:
416-473-8225
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Central |
| Approximate Age: | 100+ |
| Tax: | $3,473.3 |
| Fireplace: | N |
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