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246 Ottawa St N 4,700 SF 100% Leased Retail Building Hamilton, ON L8H 3Z6 $1,500,000 CAD ($319.15 CAD/SF) 7.94% Cap Rate
Investment Highlights
- Heavy Foot Trafic
- Dual-income potential (business + residential)
- 4 spacious rooms
Executive Summary
Please Do Not Go Direct, Please Do Not Speak To The Staff.
Asset Type: Mixed-use – Dry Cleaning Business + Residential Apartment
Location: High-traffic street in Hamilton, steps to Centre Mall
Business Component:
Established dry-cleaning operation with 40+ years at the same location
Strong, stable revenue stream
Loyal, repeat customer base
Seller willing to provide training for smooth transition
Residential Component (2nd Floor):
Fully renovated
4 spacious rooms
2 bathrooms
1 kitchen
Ideal for owner-occupier or additional rental income
Investment Highlights:
Turnkey operation with proven performance
Dual-income potential (business + residential)
Prime exposure in a busy commercial corridor
Long-standing reputation within the community
Value Proposition:
Rare opportunity to acquire both real estate and operating business
Immediate cash flow with upside potential through optimization or expansion
Asset Type: Mixed-use – Dry Cleaning Business + Residential Apartment
Location: High-traffic street in Hamilton, steps to Centre Mall
Business Component:
Established dry-cleaning operation with 40+ years at the same location
Strong, stable revenue stream
Loyal, repeat customer base
Seller willing to provide training for smooth transition
Residential Component (2nd Floor):
Fully renovated
4 spacious rooms
2 bathrooms
1 kitchen
Ideal for owner-occupier or additional rental income
Investment Highlights:
Turnkey operation with proven performance
Dual-income potential (business + residential)
Prime exposure in a busy commercial corridor
Long-standing reputation within the community
Value Proposition:
Rare opportunity to acquire both real estate and operating business
Immediate cash flow with upside potential through optimization or expansion
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,700 SF
Year Built
1925
Price
$1,500,000 CAD
Price Per SF
$319.15 CAD
Cap Rate
7.94%
NOI
$119,100 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.65
Lot Size
0.07 AC
Zoning
C5A
Parking
3 Spaces (0.64 Spaces per 1,000 SF Leased)
Frontage
29’ on Ottawa St
Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 12
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246 Ottawa St N
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