81 King Street, Hamilton (Stoney Creek) - Business for Sale
81 King Street, Hamilton (Stoney Creek), Ontario, L8G1K3
This business in Hamilton is for sale offering roughly 1,700 sq ft of space. It has been on the market 14 days, fresher than the Hamilton average of 53 days.
Description
Rare opportunity to own a well-established restaurant in the heart of downtown Stoney Creek, surrounded by established residential neighborhoods, numerous retail shops, and steady traffic throughout the day. The restaurant features 40 seats, potential for a patio, a fully equipped chef's kitchen, and a walk-in cooler and freezer. BONUS: A 4-bedroom apartment is included in the rent! Buyers have the flexibility to live on-site and operate the restaurant or continue renting out the apartment for additional income. Plenty of parking is available. Total Monthly Rent: $3,500 (TMI & HST Included). Apartment Rental Income: $2,500/Month. Effective Monthly Rent: Only $1,000 after rental income! Approximate Monthly Sales: $45,000-$55,000. (id:66096)
Property Details
- MLS®
- X14101904
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Bathrooms
- 2
- Interior Size
- 1,700 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 14 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 14 days on market, against an average age of 53 days across the listings currently for sale in this city
This business in Hamilton (Stoney Creek) has been listed for 14 days, which is 39 days fresher than the city average of 53. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L8G)
This home lists at $229,000, about 3.0× the local median household income of $77,000.
Carrying it typically needs a household income of about $44,732 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $77,000
- Population
- 21,805
- Median age
- 50.8
- Owner / renter
- 66% / 34%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA L8G)
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$229,000
Hamilton