116 Bay Street N, Hamilton, ON L8R 2P4 (Bay Street North and Cannon Street West)

Price : $399,999.00 , MLS®# : X13075840

Description

Cash Flow Today, Redevelopment Tomorrow-Prime Mixed-Use Opportunity in Downtown Hamilton!High-exposure property with flexible D4 zoning, parking, and multiple income streams.116 Bay Street North presents a strategic investment opportunity in Hamilton's rapidly intensifying Downtown Urban Growth Centre. Positioned on a high-visibility corridor, this property is ideal for investors seeking stable income with long-term upside. Excellent exposure along Bay Street North supports retail, office, or service-based tenants, while the side elevation offers potential additional revenue through signage or advertising. Zoned D4 (Downtown Local Commercial), permitting a wide range of uses including retail, restaurant, office, medical, personal services, and mixed-use residential-providing maximum flexibility for repositioning or redevelopment. Approximately $75,000 has been invested since October 2025 into key improvements including structural floor leveling, subfloor repair, masonry restoration (300+ bricks), drainage correction, duct/drain servicing, and general upgrades. Additional features include, owned furnace (2022), owned A/C (2025), owned hot water tank, and new Nordic windows (2025) with warranty to 2050. Roof completed in 2012 and repaired in 2025.Currently configured residential with estimated rental potential of approximately $2,500/month. Strong short-term rental demand driven by proximity to the First Ontario Centre and surrounding amenities. Located in a Walker's Paradise (Walk Score 99), offering exceptional tenant appeal with walkable access to the West Harbour GO Station, Bayfront Park, Hess Village, and the Hamilton Farmers' Market. Includes parking for 2 vehicles with potential for 4-rare for the downtown core. A compelling opportunity to secure a versatile asset in one of Ontario's fastest-growing urban nodes.

Location Description

Bay Street North and Cannon Street West

Property Details
  • Community: Central
  • Property Type: Owner/Commercial
  • Garages: None
  • Annual Property Taxes : $ 3473.3
Building Features
  • Parking Type : None
Building Features
  • Heating : Gas Forced Air Closed
  • Sewer : Sanitary+Storm ,
Land (Lot Features)
  • Frontage: 26 sq.ft
  • Land Depth: 52.39sq.ft

Listing Contracted With: RE/MAX ABOUTOWNE REALTY CORP.