41 Rymal Road, Hamilton, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Kennedy. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $399,888 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 60.12 x 184.82 ft lot size
- Convenient covered garage included
- equipped with no central cooling and highly efficient gas forced air closed heating
Description
Turnkey 6-bay self-serve coin-operated car wash in Hamilton's mountain residential corridor - business and equipment sale only. Real estate is not included and is separately listed at $1,599,888. All major equipment was installed new in 2024 by NCS Mondo Products Co. Ltd., one of Canada's premier car wash suppliers. This is not a tired operation needing capital - the bays, plumbing, chemical delivery systems, electrical, LED lighting, payment terminals, and full surveillance system are brand new and under manufacturer warranty. The Tap+Wash cashless platform is active across all 6 bays, accepting credit, debit, contactless, and coin. A monthly membership/subscription feature is installed and ready to activate - zero additional hardware cost. Membership revenue represents pure upside for the incoming operator. Included: 3 premium JE Adams Ultra-Series vacuum stations (new 2024, carpet shampoo, 3-motor turbo, digital timer) plus 3 additional legacy vacuum units at rear. 21- camera HD surveillance system with 32-ch NVR and 20 TB of storage also included. 2025 revenue of $62,468 (CPA compiled) was achieved under part-time, first-time ownership navigating health challenges. Card settlements of $36,366 independently verified through Monex payment processor records. Business has never been operated at capacity - a focused owner operator has a clear path to significantly higher throughput without any additional capital outlay. Total project investment since 2023 exceeded $473,000 pre-HST. At the asking price is below replacement cost for the direct business assets alone. Flexible transaction structure: asset sale or clean share transfer with all liabilities cleared prior to closing.
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Pricing & Value Insights
Data-driven valuation for 41 Rymal Road E, Hamilton, ON L9B 1B9
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About Purchasing a Home in Hamilton, ON
For a property listed at $399,888 in Hamilton, the legal minimum down payment is $19,994 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,473 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,473.
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