246-248 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 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 30 x 95 ft lot size
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Exceptional mixed-use opportunity on a high-traffic Hamilton corridor steps to Centre Mall, featuring a well-established dry-cleaning business with 40+ years at the same location, strong and stable revenue, and a loyal repeat customer base; seller willing to provide training for a smooth transition. The second-floor residential unit is fully renovated with 4 spacious rooms, 2 bathrooms, and a full kitchen-ideal for an owner-occupier or additional rental income. Turnkey operation offering dual-income potential (business + residential), prime exposure, and a rare chance to acquire both real estate and a proven operating business with immediate cash flow and upside potential.**Please do not go direct or speak to staff; all inquiries through listing brokerage.**
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 246-248 Ottawa Street N, Hamilton, ON L8H 3Z7
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 in Hamilton, the legal minimum down payment is $0 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 $0 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 $0.
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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.