116 Bay Street
Hamilton, ON
- 1,356 sqft
- Commercial Retail
- 106 days on market
Cash Flow Today, Redevelopment Tomorrow-Prime Mixed-Use Opportunity in Downtown Hamilton! High-exposure property with flexible D4 zoning, parking, and multiple income streams.116 Bay Street North presents a strategic investment opportunity in Hamilton's rapidly intensifying Downtown Urban Growth Centre. Positioned on a high-visibility corridor, this property is ideal for investors seeking stable income with long-term upside. Excellent exposure along Bay Street North supports retail, office, or service-based tenants, while the side elevation offers potential additional revenue through signage or advertising. Zoned D4 (Downtown Local Commercial), permitting a wide range of uses including retail, restaurant, office, medical, personal services, and mixed-use residential-providing maximum flexibility for repositioning or redevelopment. Approximately $75,000 has been invested since October 2025 into key improvements including structural floor leveling, subfloor repair, masonry restoration (300+ bricks), drainage correction, duct/drain servicing, and general upgrades. Additional features include, owned furnace (2022), owned A/C (2025), owned hot water tank, and new Nordic windows (2025) with warranty to 2050. Roof completed in 2012 and repaired in 2025.Currently configured residential with estimated rental potential of approximately $2,500/month. Strong short-term rental demand driven by proximity to the FirstOntario Centre and surrounding amenities. Located in a Walker's Paradise (Walk Score 99), offering exceptional tenant appeal with walkable access to the West Harbour GO Station, Bayfront Park, Hess Village, and the Hamilton Farmers' Market. Includes parking for 2 vehicles with potential for 4-rare for the downtown core. A compelling opportunity to secure a versatile asset in one of Ontario's fastest-growing urban nodes.
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Listing Details
- Taxes (2025)
- $3,473
- Listed
- May 21, 2026
Price History
Listing history
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Property
- Age
- 100+
- Lot Size
- 26 x 52.39 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Bay Street N/Cannon St W
- Zoning
- Downtown local commercial D4 Zoning
- Parcel Number
- 175860044
- Possession
- Flexible
- Occupancy
- Owner
Commercial
- Business Type
- Other
Included
- Inclusions
- Fridge, stove, dishwasher, washer and dryer. All light fixtures, All window coverings except drapes in the bedrooms. Furnace, hot water tank, alarm system.
- Exclusions
- White window coverings in the bedrooms. Can be replaced upon request
- Rental Items
- N/A
Community
Postal area L8R
- Population
- 11,651
- Private dwellings
- 6,113
- Median age
- 38.4
- Average household size
- 2
- Median household income
- $53,600
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
- $680,000
- Homes sold
- 5,003
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 5,003 recorded sales of commercial properties in Hamilton over the last 12 months.
Listed by
RE/MAX ABOUTOWNE REALTY CORP.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 1,356 sq ft
- Price per sq ft
- $412.24
- Annual property tax
- $3,473
- Tax per sq ft
- $2.56
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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