1000 King Street, Hamilton, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Stipley. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $47,500 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 95 x 108 ft lot size
- Convenient street garage included
- equipped with partial central cooling and highly efficient gas forced air open heating
Description
Former restaurant unit, with kitchen hood already existing. This property is located in the heart of Hamilton's Stipley neighbourhoods, offering excellent street exposure and ample signage opportunities. Conveniently situated steps from public transportation with on-site parking available. The unit features existing venting already in place, making it exceptionally well-suited for restaurant, food service, or hospitality uses. This is a rare opportunity for operators seeking a space that is move-in ready for restaurant concepts, significantly reducing build-out time and costs. Within an approximate 10-minutewalk, you'll find some of Hamilton's top restaurants, Tim Hortons Field, Fresco Grocery Store, and more. Three schools are located within 1 km, including Bernie Custis Secondary School, Prince of Wales Elementary School, and King George Public School. (42318581) Sale of Fixtures/Chattels, with over $150,000 invested into the unit.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1000 King Street E 1016, Hamilton, ON L8M 1C8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $47,500 in Hamilton, the legal minimum down payment is $2,375 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 $238 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 $238.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.