949 MAIN Street
Hamilton, Ontario
4,200 sqft • Retail
Exceptional investment opportunity in Hamilton's rapidly revitalizing East End, just west of Gage Park. This well-maintained mixed-use property offers a strong income-generating setup with a main-floor commercial unit and two spacious 3-bedroom residential apartments on the second level. Strategically positioned near the transformative Steelport redevelopment by Slate Asset Management, one of the largest redevelopment initiatives in the region. This multi-billion-dollar project is expected to drive substantial economic growth, create thousands of jobs, attract new businesses, and strengthen long-term demand for both commercial and residential real estate. Investors will appreciate the property's mixed-use configuration, multiple income streams, and location within a corridor poised for significant appreciation and future redevelopment potential. Ideal for investors seeking stable cash flow today with strong upside potential for tomorrow. Rare opportunity to acquire a well-located asset in one of Hamilton's emerging growth corridors. Please do not attend the property directly or disturb tenants. All showings require a minimum of 24 hours' notice.
Price History
Property
- Lot Size
- 0.09 acres
Schools
Elementary
- Adelaide Hoodless Public School0.5 km
Public · Hamilton-Wentworth DSB · 580 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 52% met the provincial standard
- ÉÉC Notre-Dame0.6 km
French Catholic · CS catholique MonAvenir · 215 students
Grade 3 reading: 23% met the provincial standard · Grade 6 math: 65% met the provincial standard
- Prince of Wales Elementary Public School0.7 km
Public · Hamilton-Wentworth DSB · 540 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 49% met the provincial standard
Secondary
- Bernie Custis Secondary School Secondary School0.7 km
Public · Hamilton-Wentworth DSB · 955 students
Grade 10 literacy: 65% met the provincial standard
- Cathedral High School2 km
Catholic · Hamilton-Wentworth CDSB · 1650 students
Grade 10 literacy: 64% met the provincial standard
- Sherwood Secondary School2.1 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 L8M
- Population
- 13,774
- Private dwellings
- 7,096
- Median age
- 38.4
- Average household size
- 2.1
- Median household income
- $61,200
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
Retail in Hamilton · last 12 months
- Median sold price
- $683,250
- Homes sold
- 5,010
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 5,010 recorded sales of retail properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$240,000
Estimated Monthly Payment
$5,895
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,895/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $300/mo
Estimates only. Consult a financial advisor.
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