49 Glen Road, Hamilton, ON
Property Highlights
Welcome to this remarkable industrial located in the coveted neighborhood of Westdale. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $999,999 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
- Spacious lot size measured in Feet
- Convenient outside/surface garage included
- equipped with no central cooling and highly efficient gas forced air open heating
Description
This industrial property in Hamilton offers a prime investment opportunity with a 4,395 SF freestanding building on 0.17 acres, located in the highly desirable M6 zoning area. The building is currently divided into three units, with two units already leased. Powerhouse Kickboxing occupies one unit with a lease that runs until 2027. The second unit, leased to W7P Die & Design on a month-to-month basis. The remaining 2,000 SF is currently vacant, providing ample opportunity for additional tenants or owner-occupancy. With its strategic location and solid rental income, this property presents an excellent opportunity for investors or businesses looking for a versatile space.
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Pricing & Value Insights
Data-driven valuation for 49 Glen Road, Hamilton, ON L8S 3M6
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About Purchasing a Home in Hamilton, ON
For a property listed at $999,999 in Hamilton, the legal minimum down payment is $75,000 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 $16,475 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 $16,475.
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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.