527 Upper Sherman Avenue, Hamilton (Raleigh) - Business for Sale
527 Upper Sherman Avenue, Hamilton (Raleigh), Ontario, L8V3L9
This business in Hamilton is for sale offering roughly 1,765 sq ft of space.
Description
Exceptional Turnkey Opportunity - Mahal Restaurants, Hamilton Mountain Presenting a rare opportunity to own the renowned Mahal Restaurants, a community staple for over 22+ years, known for serving authentic Indian and Pakistani cuisine in the heart of Hamilton Mountain. This well-established business enjoys a loyal clientele and a stellar reputation for quality and consistency. The restaurant offers multiple revenue streams through dine-in, takeout, and a fully integrated online ordering system including Uber Eats and SkipTheDishes. No franchise fees mean full control and higher margins for the new owner. This is a turnkey operation with strong brand recognition, ideal for an entrepreneur or family looking to continue a legacy of culinary excellence. Don't miss your chance to own a profitable and beloved restaurant with deep roots in the community. (id:66096)
Property Details
- MLS®
- X12766326
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- C2
- Interior Size
- 1,765 ft²
- Frontage
- 19 ft
- Heating
- Forced air, Natural gas
- Cooling
- Partially air conditioned
- Property Tax
- $6,180/yr
- Listed
- 271 days ago
Features
- Appliances
- Oven, Freezer
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 271 days on market, against an average age of 74 days across the listings currently for sale in this city
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L8V)
This home lists at $149,000, about 2.2× the local median household income of $68,500.
Carrying it typically needs a household income of about $29,105 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $68,500
- Population
- 21,165
- Median age
- 44.4
- Owner / renter
- 56% / 44%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA L8V)
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$149,000
Hamilton