8 - 1575 UPPER OTTAWA STREET, Hamilton (Rymal)

$99,000

For sale: Other

Other at 8 - 1575 UPPER OTTAWA STREET, Hamilton (Rymal)
Property type
Sale Of Business
Bedrooms / bathrooms
2 bathrooms
MLS®
MLS® X13707556
Neighbourhood
Rymal

Excellent opportunity to own and operate a well-established restaurant in Hamilton! Currently operating as a South Indian cuisine restaurant, this versatile space offers the flexibility for a **change of use** and can accommodate a variety of food concepts. Little under 2,000 sq. ft. with approximately **44 seats**, a **14-ft commercial hood**, **walk-in cooler and freezer**, and a fully equipped professional kitchen. Ideal for an experienced operator looking to start or expand a restaurant business without the need for major equipment investment. **Long-term lease available** with rent of approximately **$7,283/month including HST and TMI**. Great opportunity in a flexible, turnkey restaurant space.

Sold data

Homes in Hamilton (Rymal) — recent sold market

Homes in Hamilton (Rymal) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 49 days.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 (Rymal)

Hamilton (Rymal) 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 (Rymal)

  • 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 8 - 1575 UPPER OTTAWA STREET