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$399,999
Available - For Sale
Listing ID: X13075840
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 First Ontario 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 $399,999
Taxes: $3,473.3
Tax Type: Annual
Occupancy by: 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 North and Cannon Street West
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Office
Use: Professional Office
Building Percentage: T
Total Area: 1,356.25
Total Area Code:  Square Feet
Approximatly Age: 100+
Financial Statement: F
Chattels: T
Franchise: F
Days Open: V
Employees #: 0
Seats: 0
Maintenance: 0
Expenses Actual/Estimated: $Est
Sprinklers: No,
Rail: N
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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Asking Price: $ Heating: $ /Year  
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RE/MAX ABOUTOWNE REALTY CORP.

116 Bay Street North , Hamilton, L8R 2P4, Hamilton

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Maria Tompson
Sales Representative
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905-361-0512
Fax:
905-361-0853

 
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Type: Com - Investment
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Central
Style:
Lot Size: x 52.39(Feet)
Approximate Age: 100+
Tax: $3,473.3
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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