$559,000
FOR SALE

Commercial/Retail

Lot: 26 x 52.39 ft
2025 Taxes: $3,473.3

116 N Bay St N
Hamilton, ON L8R 2P4 | Central

Cash Flow Today, Redevelopment Tomorrow-Prime Mixed-Use Opportunity in Downtown Hamilton! High-exposure property with flexible D4 zoning, parking, and multiple income streams.116 Bay Street North presents a strategic investment opportunity in Hamilton's rapidly intensifying Downtown Urban Growth Centre. Positioned on a high-visibility corridor, this property is ideal for investors seeking stable income with long-term upside. Excellent exposure along Bay Street North supports retail, office, or service-based tenants, while the side elevation offers potential additional revenue through signage or advertising. Zoned D4 (Downtown Local Commercial), permitting a wide range of uses including retail, restaurant, office, medical, personal services, and mixed-use residential-providing maximum flexibility for repositioning or redevelopment. Approximately $75,000 has been invested since October 2025 into key improvements including structural floor leveling, subfloor repair, masonry restoration (300+ bricks), drainage correction, duct/drain servicing, and general upgrades. Additional features include, owned furnace (2022), owned A/C (2025), owned hot water tank, and new Nordic windows (2025) with warranty to 2050. Roof completed in 2012 and repaired in 2025.Currently configured residential with estimated rental potential of approximately $2,500/month. Strong short-term rental demand driven by proximity to the FirstOntario Centre and surrounding amenities. Located in a Walker's Paradise (Walk Score 99), offering exceptional tenant appeal with walkable access to the West Harbour GO Station, Bayfront Park, Hess Village, and the Hamilton Farmers' Market. Includes parking for 2 vehicles with potential for 4-rare for the downtown core. A compelling opportunity to secure a versatile asset in one of Ontario's fastest-growing urban nodes.
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Listed By RE/MAX ABOUTOWNE REALTY CORP.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13157150
Last Updated May 21, 2026
Property Summary
Property Type Commercial/Retail

More like this:
PIN 175860044
Legal Description PT LT 13 BLK 14 PL 39 AS IN AB18699, S/T INTEREST IN AB18699; CITY OF HAMILTON
Possession Date Flexible
Taxes (2025) $3,473.3
Directions/Cross Streets Bay Street N/Cannon St W
Neighbourhood Central
Area Hamilton
Price History

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Detailed Information
Freestanding Y
Lot 26 x 52.39 ft
Air Conditioning Yes
Basement Basement
Garage Type None
Parking Spaces 2
Heat Type Gas Forced Air Open
Sewers Sanitary+Storm

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