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152 GRENFELL Street

152 GRENFELL Street

Hamilton, Ontario

4,400 sqft • Other

$849,999

This is a **Cash Cow Property**, generating a total of **$9,250 in rental income**. With a cap rate ranging between **9-12%**. This standalone mixed-use property presents an outstanding opportunity for investors and business owners seeking income, flexibility, and long-term upside. Offering excellent exposure and quick access to major highways, the location continues to attract strong demand from both commercial operators and residential tenants. The building encompasses approximately 4,400 square feet, anchored by a substantial ground-floor commercial space of roughly 3,800 square feet, currently configured as a restaurant and bar. Above, the second level features three income-producing residential apartments, including a three-bedroom unit, a one-bedroom unit, and a bachelor suite, all contributing to consistent cash flow. Additionally, there is notable upside potential through renovation or reconfiguration, as the residential level may allow for the creation of additional units (subject to municipal approvals). The property's configuration and zoning lend themselves well to a variety of uses, including trade-based operations, service-oriented businesses, storage, light industrial, or owner-occupied commercial uses supported by residential income. Additional income is generated from media company rentals (such as Netflix). Offered as a fully tenanted, mixed-use investment in a well-established industrial and commercial area, this property delivers both immediate revenue and future growth opportunities.

Price History

Property

Lot Size
0.12 acres

Schools

Elementary

  • Queen Mary Public School1.1 km

    Public · Hamilton-Wentworth DSB · 530 students

    Grade 3 reading: 70% met the provincial standard · Grade 6 math: 33% met the provincial standard

  • Holy Name of Jesus Catholic Elementary School1.2 km

    Catholic · Hamilton-Wentworth CDSB · 450 students

    Grade 3 reading: 87% met the provincial standard · Grade 6 math: 31% met the provincial standard

  • Memorial Elementary School Public School1.6 km

    Public · Hamilton-Wentworth DSB · 360 students

    Grade 3 reading: 52% met the provincial standard · Grade 6 math: 30% met the provincial standard

Secondary

  • Bernie Custis Secondary School Secondary School1.6 km

    Public · Hamilton-Wentworth DSB · 955 students

    Grade 10 literacy: 65% met the provincial standard

  • Sir Winston Churchill Secondary School2.3 km

    Public · Hamilton-Wentworth DSB · 790 students

    Grade 10 literacy: 56% met the provincial standard

  • Sherwood Secondary School3.3 km

    Public · Hamilton-Wentworth DSB · 1255 students

    Grade 10 literacy: 79% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area L8H

Population
26,187
Private dwellings
11,792
Median age
40
Average household size
2.3
Median household income
$70,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Other in Hamilton · last 12 months

Median sold price
$683,000
Homes sold
5,001
Median days on market
27
Sale-to-list price
97.1%

Based on 5,001 recorded sales of other properties in Hamilton over the last 12 months.

Location

Mortgage Calculator

$170,000

Estimated Monthly Payment

$4,176

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $4,176/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $212/mo

Estimates only. Consult a financial advisor.

R

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