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.
Attention Investors, Developers & Business Owners! Exceptional opportunity to acquire a prominent corner property on Dundurn Street South in Hamilton's rapidly evolving southwest corridor. Zoned C6, this versatile property offers a wide range of permitted uses, including the ability to continue operating as an automotive repair and auto sales business, while presenting exciting future redevelopment potential. The property features a detached garage measuring 51'6" x 36' width 14'6" ceiling height, three service bays, office space and 2-piece washroom. Also included is a separate 2.5 storey brick house with a full basement. The main floor is currently configured as 2 office spaces, while the second floor contains a one-bedroom apartment occupied by excellent tenants. Current rental income is approximately $2,800 per month. Ideally located with convenient highway access and surrounded by ongoing development, employment lands, and some of Hamilton's most sought-after neighbourhoods, this property offers outstanding live/work, investments or development possibilities. Phase 1 Environmental Assessment completed. Vendor may consider holding financing for a qualified purchaser. Limited access due to ongoing business operations.
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Owners vs Renters
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What’s NearbyDistances approximate
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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$9,288/mo
Mortgage (principal + interest)$7,089
Property taxFrom listing: $26,390/yr$2,199
Minimum 20% ($379,000 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$379,000
Ontario land transfer taxProvincial brackets, no first-time refund$34,375
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$416,175
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.
