961 Main Street East, Hamilton (Stipley), Ontario, L8M1N1
This retail property in Hamilton is for sale offering roughly 6,004 sq ft of space. It has been on the market 16 days, fresher than the Hamilton average of 47 days.
Excellent opportunity to own a corner location freehold commercial property in an established, high-traffic area of Hamilton. Located on Main Street East & Gage Ave, this property features a retail component with residential, offering potential for both commercial and residential income. The total finished area is approximately 6000 sqft, with the commercial portion just shy of 3000 sqft, and finished residential areas combined for another 3000 sqft. There is a one car garage + driveway parking. Zoned C2 (neighbourhood commercial), the property is situated along a well-established commercial corridor surrounded by residential neighbourhoods, local businesses and convenient public transit. A great opportunity for investors or business owners looking to acquire a mixed-use property in a high-visibility location. The property is being sold with the current commercial business, perfect for an entrepreneur to take over and run it or for their own commercial use. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 16 days on market, against an average age of 47 days across the listings currently for sale in this city
This retail in Hamilton (Stipley) has been listed for 16 days, which is 31 days fresher than the city average of 47. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,500,000, about 24.5× the local median household income of $61,200.
Carrying it typically needs a household income of about $293,003 (20% down, 25-yr amortization, stress-tested) — roughly 379% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8M)
Pick a time that suits you. A verified local agent confirms within 24h.
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 →