6
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$1,599,999
Est. payment /mo
1 Bath
7,104 SqFt
New
265 Ottawa ST N Hamilton, ON L8H 3Z8
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 7,104 sqft
Price per Sqft $225
Subdivision Crown Point
MLS Listing ID X12364989
Building Age 51-99
Annual Tax Amount $19,500
Tax Year 2024
Property Sub-Type Commercial Retail
Lot Depth 118.0
Lot Front 60.33
Property Description
Welcome to 265 Ottawa Street North, a rare investment opportunity in the heart of Hamilton's iconic Ottawa Street Business Improvement Area. Known as the city's Destination for Inspiration, Ottawa Street North is home to a vibrant mix of shops, antiques, home décor, restaurants, and services, supported by strong daily foot traffic and active BIA promotions. This property offers approximately 10,000 sq. ft. of flexible commercial space, ideal for subdivision into multiple retail bays, professional offices, or a hybrid mix of tenants. With wide storefront glazing, excellent signage potential, and strong curb appeal, it is perfectly positioned to attract a diverse range of occupants. Located steps from The Centre on Barton, a 700,000+ sq. ft. power center anchored by national retailers, the property benefits from a steady stream of both local shoppers and regional visitors. Investors will appreciate the value-add potential through re-tenanting and repositioning, while enjoying a projected cap rate of ~7.5%, significantly above the Hamilton retail market average of 6.3%. This combination of location, flexibility, and yield makes 265 Ottawa Street North one of the only opportunities on the market today to secure such strong returns in a proven, high-demand corridor. Whether envisioned as multiple stores, multiple offices, or a long-term anchor space, this property offers stability, upside, and long-term appreciation.
Location
Province ON
County Hamilton
Community Crown Point
Area Hamilton
Interior
Cooling Yes
Exterior
Community Features Major Highway, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 60.33
Lot Depth 118.0
Others
Security Features No
Virtual Tour https://virtualtours.jarts360view.com/265-ottawa-street-north-hamilton/nb/
Listed by HOMELIFE/PARAMOUNT REALTY
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