242 Arvin Avenue

Hamilton, ON

24,808 sqft • Industrial • 209 days on market

$6,946,000

Rare Opportunity Property Owned for Over 50 Years Industrial Building Sits On a Generous 2.14 Acre Lot With M2 Zoning, Freestanding Building 24,808 Sq.ft With Addition And Large Power Supply. The Spacious Site Offers Generous Amount Of Land At The Rear For Parking or Outdoor Storage. Features Include 2-Drive-In Doors, 1-Truck Level Loading Dock at the Side Of The Building for Efficient Shipping and Receiving, and Second Floor Offices, Warehouse Has Offices And Lunch Area. The Warehouse has 600 V, 960 Amps 3-Phase Electrical Service Downstream feeders from the Main Shutoff. The Property Will Be Vacant June 30, 2026. It Maybe Possible To Occupy A Portion Of the Property Prior To Closing. Phase I ESA Completed - Clean Report.

Listing Details

Taxes (2025): $66,313
Listed: January 26, 2026

Price History

Listing history

Property

Lot Size: 211.46 x 440.47 Feet

Utilities

Sewer: Sanitary+Storm

Location & Legal

Cross Street: Arvin Ave & Gray Rd
Zoning: M2
Possession: Other

Commercial

Business Type: Factory/Manufacturing
Occupancy: Tenant
Office / Apartment Area: 3125 Sq Ft

Included

Inclusions: N/A
Exclusions: Tenant will be taking any transformer directly feeding machinery or any parts associated with the Tenant's Machinery. Crane(s) and track are not included. Tenant will be removing anything related to their business.
Rental Items: All Rental Agreements will either be Cancelled prior to closing or fully disclosed to potential Buyers, who shall have the option to assume or Cancel such Agreements upon Closing.

Community

Postal area L8E

Population: 41,927
Private dwellings: 15,736
Median age: 41.2
Average household size: 2.7
Median household income: $91,000

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

Commercial in Hamilton · last 12 months

Median sold price: $683,000
Homes sold: 4,993
Median days on market: 27
Sale-to-list price: 97.1%

Based on 4,993 recorded sales of commercial properties in Hamilton over the last 12 months.

Listed by

ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Location

Commercial figures

Building area: 24,808 sq ft
Price per sq ft: $279.99
Annual property tax: $66,313
Tax per sq ft: $2.67

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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