66 Mall Road, Hamilton, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Thorner. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $299,000 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 99.96 x 235 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Excellent opportunity to acquire a turn key business, a well-established Vietnamese restaurant located at 66 Mall Rd, Unit 4, Hamilton, successfully operating for 19 years with a strong and loyal customer base. This turn-key business offers approximately 1,911 sq. ft. of functional space with dine-in and take-out capability and a proven history of consistent sales. Ideally located steps to Lime Ridge Mall, the restaurant benefits from exceptional visibility, high pedestrian traffic, and ample plaza parking. Current monthly rent is approximately $7,500 plus utilities, with a favourable lease structure of 2.5 years remaining and a 5-year extension option, making this an ideal opportunity for an owner-operator or investor seeking a stable, low-risk hospitality business in one of Hamilton's busiest commercial nodes.
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Pricing & Value Insights
Data-driven valuation for 66 Mall Road, Hamilton, ON L8V 5B9
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About Purchasing a Home in Hamilton, ON
For a property listed at $299,000 in Hamilton, the legal minimum down payment is $14,950 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 $2,960 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 $2,960.
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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.