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.
Prime Central Hamilton Investment Opportunity! This established highly profiting 60-room hotel property sits on a generously sized lot within one of Hamilton's fastest-growing and most rapidly transforming urban corridors. Surrounded by active redevelopment, infrastructure improvements, and rising municipal and private investment, this location offers exceptional long-term upside and strong return potential. Hamilton continues to benefit from sustained population growth, enhanced transit connectivity, and increasing spill-over demand from the Greater Toronto Area. The property is strategically positioned near transit routes, hospitals, post-secondary institutions, and major commercial corridors, making it ideal for hospitality, residential, or mixed-use redevelopment. With the right vision, the site offers excellent flexibility for future conversion into condominium residences, purpose-built rental or mixed-use housing, assisted living or retirement residence, boutique 4-5 star hotel, or short-term accommodation supporting healthcare and education sectors. Offered under power of sale with a motivated timeline, this is an outstanding opportunity for developers, hotel operators, and institutional investors seeking exposure in one of Ontario's most active growth markets. Property is being sold "as-is, where-is."
Demographic data is not available for this area yet.
Population—
Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
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$50,301/mo
Mortgage (principal + interest)$39,280
Property taxFrom listing: $132,252/yr$11,021
Minimum 20% ($2,100,000 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$2,100,000
Ontario land transfer taxProvincial brackets, no first-time refund$248,975
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$2,351,775
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.
