242 Arvin Avenue, Hamilton, ON
Property Highlights
Welcome to this remarkable industrial located in the coveted neighborhood of Stoney Creek Industrial. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $6,375,000 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 0 Bathrooms
- Premium 211.46 x 440.47 ft lot size
- Convenient outside/surface garage included
- equipped with partial central cooling and highly efficient radiant heating
Description
Rare Opportunity Property Owned for Over 50 Years Industrial Building Sits On a Generous 2.14 Acre Lot With M2 Zoning, Freestanding Building 24,808 Sq.ft With Addition And Large Power Supply. The Spacious Site Offers Generous Amount Of Land At The Rear For Parking or Outdoor Storage. Features Include 2-Drive-In Doors, 1-Truck Level Loading Dock at the Side Of The Building for Efficient Shipping and Receiving, and Second Floor Offices, Warehouse Has Offices And Lunch Area. The Warehouse has 600 V, 960 Amps 3-Phase Electrical Service Downstream feeders from the Main Shutoff. The Property Will Be Vacant June 30, 2026. It Maybe Possible To Occupy A Portion Of the Property Prior To Closing. Phase I ESA Completed - Clean Report.
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Pricing & Value Insights
Data-driven valuation for 242 Arvin Avenue, Hamilton, ON L8E 2L8
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About Purchasing a Home in Hamilton, ON
For a property listed at $6,375,000 in Hamilton, the legal minimum down payment is $1,275,000 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 $145,850 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 $145,850.
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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.