116 Bay Street N
116 Bay Street N
$559,000
$412/sq ft · 52 days on market
About This Listing
High-Exposure Downtown Hamilton Commercial Opportunity with Flexible Downtown Local CommercialD4 Zoning. Ideal for retail, office, medical, or mixed-use with parking, visibility, and signage potential. Prime property on Bay Street North offering excellent visibility, steady traffic flow. Permitted uses include retail, restaurant, office, medical clinic, financial services, personal services, studio, tradesperson shop, and mixed-use residential Property benefits from strong street presence and exposure-ideal for businesses seeking visibility and accessibility. The building's side elevation may provide additional signage or third-party advertising income opportunities. Parking for 2 vehicles with potential to expand to 4. Rare downtown parking component enhances usability and tenant appeal $75K in upgrades since Oct.2025 including structural floor levelling, subfloor repair, masonry restoration (300+ bricks), drainage improvements, duct/drain servicing, and general updates. Furnace (2022), A/C (2025), owned HWT. New Nordic windows (2025, warranty to 2050). Roof (2012)repaired 2025. Located within Hamilton's Downtown Urban Growth Centre with ongoing intensification & strong growth outlook. Located in a Walker's Paradise (Walk Score 99) with consistent pedestrian traffic, steps to the TD Coliseum with high profile concerts and event, West Harbour GO Station, Bayfront Park ,and surrounded by restaurants, cafes, retail, and everyday services.
| Monthly Mortgage (P&I) | $2,436 |
| Property Tax (MLS) | $289 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $2,725 |
Down payment: $111,800 (20.0%) · Mortgage: $447,200
Property tax uses MLS annual tax of $3,473/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by RE/MAX ABOUTOWNE REALTY CORP.
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Data last updated: August 23, 2026 at 04:25 a.m.