Description

Excellent opportunity to own a 37,820 SF freestanding industrial building situated on 1.95 acres. Functional facility featuring 3,740 SF of office, clear heights ranging from 14' to 19'10, high-power 1,200 amp electrical service, excellent shipping with 2 truck-level doors and 1 drive-in door, and ample on-site parking. Flexible M6 zoning permits a wide variety of industrial uses. Strategically located just minutes from the Red Hill Valley Parkway and QEW, providing convenient access throughout the GTHA. (id:66096)

Property Details

MLS®: 40870191
Property Type: Industrial
Zoning: M6
Lot Size: 1.95 acres
Building Area: 37,820 ft²
Storeys: 1
Basement: None
Ownership: Freehold
Property Tax: $58,066.8/yr
Listed: 20 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

20d

Hamilton listings, avg age

65d

List price

$7.90M

Haho

This industrial in Hamilton has been listed for 20 days, which is 45 days fresher than the city average of 65. Act while there is still low competition.

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Area context

Neighbourhood profile (L8H)

This home lists at $7,900,000, about 112.9× the local median household income of $70,000.

Carrying it typically needs a household income of about $1,543,147 (20% down, 25-yr amortization, stress-tested) — roughly 2104% above the area median.

Median household income: $70,000
Population: 26,187
Median age: 40
Owner / renter: 66% / 34%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L8H)

$7,900,000

For sale

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Financing

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663 WOODWARD Avenue, Hamilton - Industrial for Sale