$4,350,000

For sale

193 ELGIN Street, Hamilton - Industrial for Sale

193 ELGIN Street, Hamilton, Ontario, L8L4Y2

20 parking17,815 ft²1.43 acres lot sizeListed 57 days ago

Overview

This industrial property in Hamilton is for sale offering roughly 17,815 sq ft of space. It has been on the market 57 days, fresher than the Hamilton average of 65 days.

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Description

Unlock a rare urban industrial opportunity at 193 Elgin Street, Hamilton. This exceptional property offers a total of 35,630 sq ft of functional space, with 17,815 sq ft above grade and an additional 17,815 sq ft in a fully functional and usable basement. Situated on a generous 1.436-acre site, the property boasts approximately 0.5 acre of excess land, fully fenced with separate access. The building features 12' clear ceiling height with 1 truck level loading door, freight elevator, 20 on site parking spaces and 3 phase power. This versatile outdoor space is ideal for secure truck parking, outdoor storage, or can be leased independently to generate additional income. Perfect for an owner-occupier, this property provides a strategic location for your business with the added security of strong underlying land value. The site's prime location within the West Harbour GO Major Transit Station Area (MTSA) presents significant future development potential. Enjoy unparalleled connectivity with the West Harbour GO Train station just a short walk away, offering seamless transit to Toronto and the greater GTA. The area is rich with amenities, including a vibrant arts and restaurant scene on James Street North, a grocery store just next door and a nearby hospital. This property is a strategic investment in a dynamic, high-growth urban hub. (id:66096)

Property Details

MLS®: 40860030
Property Type: Industrial
Zoning: K
Parking: 20
Interior Size: 17,815 ft²
Lot Size: 1.43 acres
Frontage: 274 ft
Building Area: 17,815 ft²
Storeys: 1
Basement: Full
Ownership: Freehold
Property Tax: $25,386.11/yr
Listed: 57 days ago

Features

Foundation: Block
Exterior: Brick, Aluminum siding
Lot Features: Elevator, Paved driveway

Services

Water: Well
Sewer: Municipal sewage system
Utilities: Natural Gas, Electricity, Telephone

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Hamilton listings, avg age

65d

Price / ft²

$244

List price

$4.35M

Haho

This industrial in Hamilton has been listed for 57 days, which is 8 days fresher than the city average of 65. Act while there is still low competition.

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Listed by Blair Blanchard Stapleton Ltd. · Adam Ionico

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8L)

This home lists at $4,350,000, about 66.9× the local median household income of $65,000.

Carrying it typically needs a household income of about $849,707 (20% down, 25-yr amortization, stress-tested) — roughly 1207% above 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)

$4,350,000· $244/ft²

For sale

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Financing

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