116 Bay Street N Hamilton, Ontario L8R 2P4
$399,999
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. (id:55499)
Open House
This property has open houses!
2:00 pm
Ends at:4:00 pm
2:00 pm
Ends at:4:00 pm
Business
| Business Type | Other |
| Business Sub Type | Professional office(s) |
Property Details
| MLS® Number | X13075840 |
| Property Type | Office |
| Community Name | Central |
| Parking Space Total | 2 |
Building
| Age | 100+ Years |
| Appliances | Alarm System, Dishwasher, Dryer, Water Heater, Microwave, Washer, Window Coverings |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1,356 Ft2 |
| Type | Offices |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 52 Ft ,4 In |
| Size Frontage | 26 Ft |
| Size Irregular | 26 X 52.39 Ft |
| Size Total Text | 26 X 52.39 Ft |
| Zoning Description | D4 |
https://www.realtor.ca/real-estate/29692747/116-bay-street-n-hamilton-central-central
Contact Us
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 03 2026 09:14:08
Toronto Regional Real Estate Board
RE/MAX Aboutowne Realty Corp.