51 Covington Street, Hamilton, ON
Property Highlights
Welcome to this remarkable industrial located in the coveted neighborhood of Lakely. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $6,950,000 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
- Spacious lot size measured in Feet
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
28,299 sq ft freestanding industrial building in Hamilton with excellent access to major transportation routes and nearby amenities. The property features 3 drive-in doors, 600 amps of power, and is fully air-conditioned. Equipped with two 5-ton cranes, offering functionality for a variety of industrial users. The floor plan includes approximately 4,400 sq ft of office space. M2 zoning permits a wide range of industrial uses.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 51 Covington Street, Hamilton, ON L8E 2Y4
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 $6,950,000 in Hamilton, the legal minimum down payment is $1,390,000 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 $160,225 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 $160,225.
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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.