182 Ottawa Street, Hamilton, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Crown Point. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,988,888 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 50 x 54 ft lot size
- equipped with no central cooling and highly efficient gas hot water heating
Description
Colliers is pleased to present the opportunity to acquire a fully tenanted, mixed-use corner property located at 182 Ottawa Street North. Situated at the entrance to the highly trafficked Ottawa Street North commercial corridor, the property benefits from excellent visibility, strong pedestrian activity, and demand from both commercial and residential tenants. Ottawa Street North is one of Hamilton's most established neighbourhood retail strips, supported by the surrounding Crown Point East and Delta residential communities, while Cannot Street East provides key east-west connectivity through the Lower City. Ongoing reinvestment, residential intensification, and improving streetscapes continue to strengthen the area's appeal and long-term fundamentals. The property is a fully leased, mixed-use building totaling over 7,000 square feet, comprising more than 2,500 square feet of ground-floor retail across two commercial units, with six residential apartments above. The asset offers immediate, diversified cash flow and a compelling value-add opportunity through future rental upside and unit turnover, making it well-suited for private investors seeking stable income with the potential for enhanced returns in a proven urban location.
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Pricing & Value Insights
Data-driven valuation for 182 Ottawa Street N, Hamilton, ON L8H 3Z5
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 $1,988,888 in Hamilton, the legal minimum down payment is $397,778 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 $36,253 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 $36,253.
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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.