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$ 10,500,000
Est. payment | /mo
24,300 SqFt
$ 10,500,000
Est. payment | /mo
24,300 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 24,300 sqft
Price per Sqft $432
Subdivision Corktown
MLS® Listing ID X12499566
Source Toronto Regional Real Estate Board
Property Description
Presenting a rare investment opportunity in the heart of Hamilton's rapidly evolving urban core. This established hotel property sits on a generously sized lot with strong redevelopment potential. While the existing structure requires extensive upgrades, its strategic location, zoning flexibility, and demand for housing and hospitality in the area make it ideal for visionary investors. This property offers a unique opportunity for developers, hotel operators, and institutional investors to create long-term value in one of Ontario's fastest-growing markets. Bring your vision to life and capitalize on the upside. Hamilton continues to attract investors due to population growth, increased transit connectivity, and spill-over demand from the Greater Toronto Area. The neighbourhood, once industrial, is transitioning with rising municipal investment and private development interest. Surrounded by ongoing redevelopment projects and infrastructure improvements, this site is primed for conversion or complete repositioning. With the right plan, the property can be transformed into: Condominium residences Purpose-built rental units or mixed-use housing Assisted living or retirement residence Boutique 4-5 star hotel with upgraded amenities Short-term accommodation hub for healthcare + education services Highlights Power of sale = motivated timeline Strong redevelopment footprint Flexible zoning potential (buyer to verify) Proximity to transit, hospitals, commercial corridors High demand for housing + hospitality services Being sold "as-is, where-is." Buyer to conduct their own due diligence. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Hot Water
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by CENTURY 21 GREEN REALTY INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4145 North Service Rd Unit: Q 2nd Floor L7L 6A3, Burlington, ON, Canada