116 Bay Street

ActiveHamilton96 days on marketMLS® X13075840

$399,999

$295 / sq ft

Bedrooms0

Bathrooms0

Interior1,356 sq ft

Lot Size1,356 sq ft

TypeCommercial

ListingFor Sale

Days on Market96

About this property

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 First Ontario 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.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13075840
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	1,356 sq ft
Lot Size	1,356 sq ft
Beds / Baths	0 bed · 0 bath
City	Hamilton
Postal Code	L8R 2P4
Province	ON
Listed Date	May 3, 2026
Days on Market	96
Price per Sq Ft	$295
Brokerage	RE/MAX ABOUTOWNE REALTY CORP.