81 KING STREET, Hamilton (Stoney Creek)

$229,000

For sale: Other

Other at 81 KING STREET, Hamilton (Stoney Creek)
Property type
Sale Of Business
Bedrooms / bathrooms
2 bathrooms
MLS®
MLS® X14101904
Neighbourhood
Stoney Creek

Rare opportunity to own a well-established restaurant in the heart of downtown Stoney Creek, surrounded by established residential neighborhoods, numerous retail shops, and steady traffic throughout the day. The restaurant features 40 seats, potential for a patio, a fully equipped chef's kitchen, and a walk in cooler and freezer. BONUS: A 4-bedroom apartment is included in the rent! Buyers have the flexibility to live on-site and operate the restaurant or continue renting out the apartment for additional income. Total Monthly Rent: $3,500 (TMI & HST Included). Apartment Rental Income: $2,500/Month. Effective Monthly Rent: Only $1,000 after rental income! Approximate Monthly Sales: $45,000-$55,000

Sold data

Homes in Hamilton (Stoney Creek) — recent sold market

Homes in Hamilton (Stoney Creek) took a median of 29 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 57, across 1,143 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 59 days.

The median sale price was $688,800.

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

About 11% of sales closed above the list price.

Around 26% of sellers reduced their price before finding a buyer.

Median days to sell
29
Median sale price
$688,800
Sale-to-list ratio
97.0%
Sold above asking
11%

Based on 1,143 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Hamilton (Stoney Creek)

Hamilton (Stoney Creek) 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 (Stoney Creek)

  • 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 81 KING STREET