
152 GRENFELL Street
Hamilton, Ontario
4,400 sqft • Other
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.
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