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.
LOCATION! LOCATION! LOCATION! Are you looking for an established and successful dine-in restaurant? look no further, I've got the perfect opportunity for you! This fabulous Mediterranean Grill has been in operation for decades and the operator has done an excellent job maintaining the place with high level of quality in their food, customer service and overall atmosphere and experience. LITERALLY one of the BEST locations in Hamilton; Upper James! The location itself brings in a HIGH VOLUME of traffic in terms of vehicles and pedestrians. It is surrounded by many anchor Tenants which compliments the business extremely well. There is LOTS of parking in front of the restaurant and it also offers a backdoor for easy access for deliveries. There is extra storage and an office area in the Upper Level of the restaurant. Best of all, its GREAT RENT allows you to minimize your overhead costs making it more desirable to run the operations and experience a higher level of return. These well established and busy businesses rarely come to market especially being located in one of the busiest streets in Hamilton. With a high level of seating capacity, cafe area, and an open and bright atmosphere, this maybe just the business of your dreams! Please do not go direct.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
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$1,440/mo
Mortgage (principal + interest)$1,440
Minimum $19,250 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. 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$77,000
Ontario land transfer taxProvincial brackets, no first-time refund$4,250
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$84,050
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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
