535 Upper Wellington Street, Hamilton, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Inch Park. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $250,000 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
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Rare opportunity to own one of the Top-performing locations of this well-known franchise! Successfully operating for over a decade, this thriving business generates approximately 20%net profit annually. Situated in a prime, high-traffic location, it is a go-to and popular takeout destination for the local community. The business operates efficiently on a "pilot mode" basis, making it a great opportunity for both investors and hands-on operators. Benefit from low rent and a long-term lease with renewal options in place. Turnkey and profitable from day one! The current store will undergo a complete renovation and rebuild. Property requires significant renovation or build-out. Property requires significant renovation or build-out. Buyer to review all costs independently.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 535 Upper Wellington Street, Hamilton, ON L9A 3P7
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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 $250,000 in Hamilton, the legal minimum down payment is $12,500 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 $2,225 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 $2,225.
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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.