533 CONCESSION STREET, Hamilton (Eastmount)

$249,000

For sale: Other

Other at 533 CONCESSION STREET, Hamilton (Eastmount)
Property type
Sale Of Business
MLS®
MLS® X13507708
Neighbourhood
Eastmount

Excellent opportunity to own a fully equipped restaurant, café, coffee shop in a high-traffic Hamilton Mountain commercial corridor. This turnkey spaceincludes a 12 ft commercial hood, walk-in cooler and walk-in freezer, and a 22 ft wide bar,making it suitable for a wide range of hospitality concepts. It also offers exclusive use of arear patio for additional seating and a basement area (not included in total square footage)for storage or operational use. The interior features custom seating and an inviting Arabic-style lounge setup, providing a unique and versatile atmosphere. The business can operateunder the existing franchise name "The Bloom Coffee" or be rebranded under a new name,offering flexibility for new or experienced operators. Located on a busy commercial streetwith strong visibility and consistent traffic, this location presents excellent growthpotential. Lease is secured until 2034 with an option to renew for two additional 5-yearterms, with current rent approximately $4,350/month plus TMI, making it a strong valueopportunity for entrepreneurs looking to establish or expand in the hospitality sector.

Sold data

Homes in Eastmount — recent sold market

Homes in Eastmount took a median of 12 days to sell over the last 365 days, with the quickest quarter selling within 9 days and the slowest quarter taking more than 32, across 50 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 21 days.

The median sale price was $575,444.

Homes sold for about 1.6% below asking on average, so there was room to negotiate.

About 36% of sales closed above the list price.

Around 18% of sellers reduced their price before finding a buyer.

Median days to sell
12
Median sale price
$575,444
Sale-to-list ratio
98.4%
Sold above asking
36%

Based on 50 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Hamilton (Eastmount)

Hamilton (Eastmount) 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 (Eastmount)

  • 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 533 CONCESSION STREET