195 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 $2,700,000 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 1 Bathroom
- Premium 50.1 x 125.62 ft lot size
- equipped with no central cooling and highly efficient gas forced air open heating
Description
Welcome to the Avon Theatre, one of Hamilton's most iconic landmarks, now available for the first time in over a decade. Originally opened on June 16, 1941 as the 770-seat Avalon Theatre, this roughly 8,400 sqft building sits on Hamilton's premier Ottawa Street corridor with 50' frontage and C5a zoning, permitting entertainment, hospitality, restaurant, retail and more. The building retains stunning original character: professionally polished concrete floors, restored Vitrolite glass, exposed brick, and a fully restored marquee with LED lighting and programmable timers. The theatre space features soaring 20' ceilings, new dimmable lighting throughout, and a fully equipped stage with a dedicated electrical panel and power outlets. Capital improvements include a new roof (2010), 600V 3-phase electrical service, full lobby restoration, including plaster and neon tube repair with new transformers, two new hot water tanks, and a 2012 lobby furnace. The marquee and Avon signage have been fully restored and painted to match the original design. Located in the heart of Ottawa Street's thriving commercial district, Hamilton's premier destination for antiques, design, food and culture, this property benefits from strong foot traffic, an active BIA, and a community that deeply values this building's place in the city's history. The Avon character benefits from a historical recognition without any physical restrictions. Whether its future holds a film studio, event venue, performing arts space, brewery, or restaurant - the bones are here and the infrastructure is ready.
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Pricing & Value Insights
Data-driven valuation for 195 Ottawa Street N, Hamilton, ON L8H 3Z4
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About Purchasing a Home in Hamilton, ON
For a property listed at $2,700,000 in Hamilton, the legal minimum down payment is $540,000 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 $53,975 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 $53,975.
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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.