#2 27 Whitfield Avenue, Hamilton (Industrial Sector) - Business for Sale
#2 27 Whitfield Avenue, Hamilton (Industrial Sector), Ontario, L8L4B5
This business in Hamilton is for sale offering roughly 2,500 sq ft of space.
Description
Rare opportunity to own a well-established automotive business with a strong reputation in the Hamilton location. The buyer will have the chance to take over all existing clients and all shop equipment. Zoning: M5 Zone permits Motor Vehicle Repair (current use), Motor Vehicle Body Repair & Painting, auto parts retail, Dealer, Savage yard. The premises consist of approximately 2,464 sq ft shop, and a large additional lot is fully set up for general automotive repair and maintenance, allowing for a smooth transition for the next operator. Turnkey operation with existing lease in place. Current lease term runs until January 31, 2030, plus three years, providing long-term stability. Competitive rent structure with scheduled increases over the term. Tenant is responsible for utilities including hydro and gas, along with a proportionate share of additional operating costs; utilities 50% of the total. Rent including TMI and HST: $ 7900. The property also features a large additional lot with parking for approximately 95 Vehicles, including the rent. (id:66096)
Property Details
- MLS®
- X13657922
- Property Type
- Business
- Business Type
- Automobile
- Zoning
- M5
- Bathrooms
- 2
- Interior Size
- 2,500 ft²
- Frontage
- 180 ft
- Heating
- Radiant heat
- Cooling
- None
- Property Tax
- $8,015/yr
- Listed
- 86 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 86 days on market, against an average age of 71 days across the listings currently for sale in this city
This business in Hamilton (Industrial Sector) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L8L)
This home lists at $149,000, about 2.3× the local median household income of $65,000.
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
- $65,000
- Population
- 32,312
- Median age
- 36.4
- Owner / renter
- 52% / 48%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA L8L)
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$149,000
Hamilton