Description

28,299 SF freestanding industrial building in Hamilton with excellent access to major transportation routes and nearby amenities. The property features 3 drive-in doors, 600 Amps of power, and is fully air conditioned. Equipped with two 5-ton cranes, offering functionality for a variety of industrial users. The floor plan includes approximately 4,400 SF of office space. M2 zoning permits a wide range of industrial uses. (id:66096)

Property Details

MLS®: 40872392
Property Type: Industrial
Zoning: M2
Lot Size: 1.16 acres
Building Area: 28,299 ft²
Storeys: 1
Basement: None
Ownership: Freehold
Property Tax: $60,419.16/yr
Listed: 13 days ago

Features

Lot Features: Visual exposure

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Hamilton listings, avg age

65d

List price

$6.50M

Haho

This industrial in Hamilton has been listed for 13 days, which is 52 days fresher than the city average of 65. Act while there is still low competition.

Set a price alert Book a showing

Area context

Neighbourhood profile (L8E)

This home lists at $6,495,000, about 71.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $1,268,701 (20% down, 25-yr amortization, stress-tested) — roughly 1294% above the area median.

Median household income: $91,000
Population: 41,927
Median age: 41.2
Owner / renter: 71% / 29%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA L8E)

$6,495,000

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →

51 COVINGTON Street, Hamilton - Industrial for Sale