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. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Exceptional 0.67-acre commercial property in the heart of the Hamilton Mountain, offering approximately 100 ft of frontage on high-exposure Upper Wellington St, just south of Mohawk Rd. Zoned C3 Exception:300 (Holding H80), with Motor Vehicle Dealership as legal non-conforming use, this versatile site currently operates as home to Carter Car and Truck Rentals and Jack's Auto Sales. The concrete block building (approx. 1,600 sf) features two bathrooms and a garage bay for vehicle service work. Generous yard space provides ample room for inventory, parking, or expansion. Lot dimensions approximately 100 ft x 290 ft. Tenants are month-to-month, and vacant possession is available-ideal for an owner-operator or investor. Surrounded by established commercial neighbours including Brucedale Garage, Turkstra Lumber, Kelly's Cycle Centre, and Midas Auto Service. A rare opportunity to secure a high-visibility site in one of the Mountain's busiest commercial corridors.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$10,783/mo
Mortgage (principal + interest)$9,334
Property taxFrom listing: $17,388/yr$1,449
Minimum 20% ($499,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$499,000
Ontario land transfer taxProvincial brackets, no first-time refund$48,850
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$550,650
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Hamilton has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. 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 information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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