116 BAY STREET N, Hamilton (Central)

$559,000

For sale: Other

Other at 116 BAY STREET N, Hamilton (Central)
Property type
Investment
MLS®
MLS® X13157158
Neighbourhood
Central

High-Exposure Downtown Hamilton Commercial Opportunity with Flexible Downtown Local CommercialD4 Zoning. Ideal for retail, office, medical, or mixed-use with parking, visibility, and signage potential. Prime property on Bay Street North offering excellent visibility, steady traffic flow. Permitted uses include retail, restaurant, office, medical clinic, financial services, personal services, studio, tradesperson shop, and mixed-use residential Property benefits from strong street presence and exposure-ideal for businesses seeking visibility and accessibility. The building's side elevation may provide additional signage or third-party advertising income opportunities. Parking for 2 vehicles with potential to expand to 4. Rare downtown parking component enhances usability and tenant appeal $75K in upgrades since Oct.2025 including structural floor levelling, subfloor repair, masonry restoration (300+ bricks), drainage improvements, duct/drain servicing, and general updates. Furnace (2022), A/C (2025), owned HWT. New Nordic windows (2025, warranty to 2050). Roof (2012)repaired 2025. Located within Hamilton's Downtown Urban Growth Centre with ongoing intensification & strong growth outlook. Located in a Walker's Paradise (Walk Score 99) with consistent pedestrian traffic, steps to the TD Coliseum with high profile concerts and event, West Harbour GO Station, Bayfront Park ,and surrounded by restaurants, cafes, retail, and everyday services.

Sold data

Homes in Hamilton (Central) — recent sold market

Homes in Hamilton (Central) took a median of 29 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 56, across 1,265 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 49 days.

The median sale price was $685,000.

Homes sold for about 3.0% below asking on average, so there was room to negotiate.

About 12% of sales closed above the list price.

Around 28% of sellers reduced their price before finding a buyer.

Median days to sell
29
Median sale price
$685,000
Sale-to-list ratio
97.0%
Sold above asking
12%

Based on 1,265 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Hamilton (Central)

Hamilton (Central) has 130 Fraser Institute–rated schools (108 elementary and 22 secondary), averaging 5.6/10.

Rated schools
130
Elementary
108
Secondary
22
Average rating
5.6 / 10

Top-rated schools in Hamilton (Central)

  • Corpus Christi — elementary, HamiltonFraser rating 10.0/10
  • Norwood Park — elementary, HamiltonFraser rating 8.4/10
  • Pope John Paul II — elementary, HamiltonFraser rating 8.0/10
  • Our Lady of Lourdes — elementary, HamiltonFraser rating 7.3/10
  • Westmount — secondary, HamiltonFraser rating 7.3/10
  • Sacred Heart — elementary, HamiltonFraser rating 7.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 116 BAY STREET N