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Est. payment | /mo
1,356 SqFt
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Est. payment | /mo
1,356 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,356 sqft
Subdivision Central
MLS Listing ID X13157150
Annual Tax Amount $3,473
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
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.
Location
Province ON
County Hamilton
Area Hamilton
Zoning Downtown local commercial D4 Zoning
Interior
Cooling Yes
Inclusions Fridge, stove, dishwasher, washer and dryer. All light fixtures, All window coverings except drapes in the bedrooms. Furnace, hot water tank, alarm system.
Exterior
Utilities Available Yes
Lot Frontage 26.0
Lot Depth 52.39
Building
Building Age 100+
Others
Security Features No,Partial
ParcelsYN No
Virtual Tour https://youtu.be/1eobSsBjvg0
Listed by RE/MAX ABOUTOWNE REALTY CORP.
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