This industrial property in Hamilton is for sale offering roughly 4,500 sq ft of space. It has been on the market 42 days, fresher than the Hamilton average of 65 days.

Description

Rare opportunity to purchase a 4,500 sq ft freestanding industrial building situated on 0.249 acres. Functional facility featuring 15% office, 12' clear height, 3 drive-in doors and 100 amp power. Flexible M5 zoning permits a wide variety of uses and outdoor storage. (id:66096)

Property Details

MLS®: 40865497
Property Type: Industrial
Zoning: M5
Interior Size: 4,500 ft²
Lot Size: 10,846 sq ft (0.24 ac)
Building Area: 4,500 ft²
Storeys: 1
Basement: None
Ownership: Freehold
Property Tax: $8,382.27/yr
Listed: 42 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

42d

Hamilton listings, avg age

65d

Price / ft²

$333

List price

$1.50M

Haho

This industrial in Hamilton has been listed for 42 days, which is 23 days fresher than the city average of 65. Act while there is still low competition.

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Area context

Neighbourhood profile (L8L)

This home lists at $1,499,000, about 23.1× the local median household income of $65,000.

Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 350% 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)

$1,499,000· $333/ft²

For sale

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Financing

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71 BIGGAR Avenue, Hamilton - Industrial for Sale